This bill amends Section 2 of Act No. 60 from the 2023 Regular Session of the Louisiana Legislature, changing the applicability of the Uniform Transfer to Minors Act. The amendment specifies that the provisions of the Act will now have both prospective and retroactive application, replacing the previous stipulation that only allowed for prospective application.

Additionally, the bill repeals Section 3 of Act No. 60 in its entirety, which may have contained provisions that are no longer deemed necessary or relevant. This legislative change aims to clarify the application of the law regarding Uniform Transfer to Minor Accounts, ensuring that it is applicable to both past and future cases.