Louisiana Revised Statutes 6:653 – Shares of minors and in trust
Current as of: 2023 | Check for updates
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Terms Used In Louisiana Revised Statutes 6:653
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Shares may be issued in the name of a minor and in trust in such manner as the charter may provide. When shares are so issued the name of the beneficiary must be disclosed to the credit union.