The bill amends R.S. 6:333(F)(13) to enhance the disclosure of financial records by banks and their affiliates. It specifically authorizes the disclosure of such records in response to subpoenas or court orders related to federal or state grand jury proceedings, as well as those issued in connection with state criminal investigations. Notably, the bill removes the previous provision that allowed disclosures only for state criminal investigations under a specific article of the Code of Criminal Procedure.

Additionally, the bill introduces new language that permits disclosures in response to subpoenas issued by the state inspector general or designated staff members. This change aims to broaden the circumstances under which banks can disclose financial records, thereby increasing transparency and compliance with state oversight.

Statutes affected:
SB92 Original: 6:333(F)(13)
SB92 Engrossed: 6:333(F)(13)
SB92 Enrolled: 6:333(F)(13)
SB92 Act : 6:333(F)(13)