Louisiana legislation · 2026 Regular Session
Louisiana SB279: SECURITIES: Provides relative to certificate of stocks and uncertificated shares of a financial institution. (8/1/26)
Status: Signed into law, June 2, 2026
What the bill says
An act To amend and reenact R.S. 6:255(A) and (G) and 1204 and R.S. 12:1-625(A) and to enact R.S. 6:707(E), relative to banks; to provide for certificates of stocks; to provide for uncertificated shares; to provide for terms, conditions, exceptions, and procedures; and to provide for related matters.
From the introduced text:
AN ACT To amend and reenact R.S. 6:255(A) and (G) and 1204 and R.S. 12:1-625(A) and to enact R.S. 6:707(E), relative to banks; to provide for certificates of stocks; to provide for uncertificated shares; to provide for terms, conditions, exceptions, and procedures; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 6:255(A) and (G) and 1204 are hereby amended and reenacted and R.S. 6:707(E) is hereby enacted to read as follows: §255. Certificates of stock and uncertificated shares A. Shares must shall be represented by certificates of stock unless the issuing corporation is a participant in the Direct Registration System, or its successor, of the Depository Trust & Clearing Corporation, or as provided in Subsection G of this Section, then shares need not be represented by certificates of stock. Unless expressly provided elsewhere, the rights and obligations of shareholders are not affected regardless of whether the shares are represented by certificates of stock. * * * G.(1) Unless the articles of incorporation or bylaws provide otherwise, the Page 1 of Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SLS 26RS-493 ORIGINAL SB NO. board of directors of a corporation may authorize the issue of some or all of the shares of …
Sponsors
- Morris, John (R, 35) · primary sponsor
Latest actions
- : Effective date 8/1/2026.
- : Signed by the Governor. Becomes Act No. 753.
- : Sent to the Governor by the Secretary of the Senate.
- : Signed by the Speaker of the House.
- : Enrolled. Signed by the President of the Senate.
- : Amendments proposed by the House read and concurred in by a vote of 34 yeas and 0 nays.
- : Received from the House with amendments.
- : Read third time by title, roll called on final passage, yeas 97, nays 0. Finally passed, ordered to the Senate.
- : Scheduled for floor debate on 05/26/2026.
- : Read by title, amended, passed to 3rd reading.
Votes
- Senate Vote on SB 279, CONCUR (#1409) (May 27, 2026): 34 yea, 0 nay, passed
- House Vote on SB 279, FINAL PASSAGE (#1504) (May 26, 2026): 97 yea, 0 nay, passed
- Senate Vote on SB 279, FINAL PASSAGE (#107) (March 23, 2026): 35 yea, 0 nay, passed
Common questions
- What is SB279?
- SB279 is a bill in the Louisiana Legislature (2026 Regular Session): SECURITIES: Provides relative to certificate of stocks and uncertificated shares of a financial institution. (8/1/26).
- What does SB279 do?
- In its own words: An act To amend and reenact R.S. 6:255(A) and (G) and 1204 and R.S. 12:1-625(A) and to enact R.S. 6:707(E), relative to banks; to provide for certificates of stocks; to provide for uncertificated shares; to provide for terms, conditions, exceptions, and procedures; and to provide for related matters.
- What is the status of SB279?
- Signed into law as of June 2, 2026. Latest action: Effective date 8/1/2026. (June 2, 2026).
- Who sponsored SB279?
- Morris, John (R, 35).
- Where is the official record for SB279?
- On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=26RS&b=SB279
Source: official Louisiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.