House Bill No. by Representative Beaullieu amends R.S. 9:1711.6(A) to change the requirements for registering entities regarding security registration in beneficiary form. The bill mandates that a registering entity shall offer or accept requests for security registration in beneficiary form, which contrasts with the previous law that stated such entities were not required to do so.

Additionally, the bill clarifies that if a registration in beneficiary form is offered, the owner requesting this registration agrees to the protections provided to the registering entity under the law. This change aims to ensure that beneficiaries can more easily secure their interests in securities through proper registration.

Statutes affected:
HB583 Original: 9:6(A)