RÉSUMÉ DIGEST
ACT 424 (HB 357) 2024 Regular Session Amedee
Relative to banking, existing law defines "deposit account" and provides that a deposit
account does not include investment property or accounts evidenced by an instrument.
New law adds that a deposit account does not include a central bank digital currency.
New law defines the term "central bank digital currency" as a digital currency, a digital
medium of exchange, or a digital monetary unit of account issued by the U.S. Federal
Reserve System, or a federal agency of the U.S., that is processed, validated, or made directly
available to a consumer.
Effective August 1, 2024.
(Amends R.S. 10:9-102(a)(29); Adds R.S. 10:9-102(a)(82))