La. Rev. Stat. § 6:749
This is the official text of La. Rev. Stat. § 6:749, part of Louisiana’s Rev. Stat — part of the compiled statutory law of Louisiana, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Prescription on savings accounts
Official statutory text
(1) All claims shall prescribe on any inactive savings account, provided that at least sixty days before any such claim shall prescribe the association shall have mailed by certified or registered mail a notice of the imminent prescription of all claims to the holder of such account at his last known address.
(2) For the purposes of this Section, "inactive savings account" shall mean a savings account with respect to which there has been in absence for at least ten years of:
(a) Additions to the account, other than crediting of earnings;
(b) Withdrawals from the account; and
(c) On which an association has no address and is unable to communicate with the holder.
Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
(2) For the purposes of this Section, "inactive savings account" shall mean a savings account with respect to which there has been in absence for at least ten years of:
(a) Additions to the account, other than crediting of earnings;
(b) Withdrawals from the account; and
(c) On which an association has no address and is unable to communicate with the holder.
Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
Status: in_force · Read it on the official government site
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