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LA SB175

Bill

Status

Introduced

2/25/2026

Primary Sponsor

Gerald Boudreaux

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • FDIC-insured depository institutions operating in Louisiana may use a trade or assumed name different from their corporate name or title
  • The corporate name must be used together with the trade or assumed name and comply with applicable federal laws and regulations
  • Use of words like "trust," "trustee," or "trust company" remains permitted when not purporting to refer to engaging in general trust business
  • Amends R.S. 6:412(D) and adds R.S. 6:412(E) to Louisiana banking law
  • Effective upon signature by the governor or lapse of time for gubernatorial action

Legislative Description

Provides relative to the name of a bank. (gov sig)

BANKS/BANKING

Last Action

Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Commerce, Consumer Protection and International Affairs.

3/9/2026

Committee Referrals

Commerce, Consumer Protection, and International Affairs2/25/2026

Full Bill Text

No bill text available