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LouisianaSB 2792026 Regular SessionSenateWALLET

SECURITIES: Provides relative to certificate of stocks and uncertificated shares of a financial institution. (8/1/26)

Sponsored By: John C. "Jay" Morris (Republican)

Signed by Governor

CommerceCommerce, Consumer Protection and International Affairs

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Louisiana financial institutions can use electronic shares

Beginning August 1, 2026, covered Louisiana financial institutions can issue shares without paper certificates unless their articles or bylaws say otherwise. Covered institutions include state-chartered banks, capital stock associations, savings banks, and their holding companies. Boards can approve issuing or converting some or all shares of any class or series by majority vote. Ownership can be recorded electronically, including through direct-registration systems. Existing certificates remain valid until surrendered to the corporation. Shareholder rights and duties remain the same regardless of share format, unless a statute expressly says otherwise.

Sponsors & Cosponsors

Sponsor

  • John C. "Jay" Morris

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 143 • No: 0

House vote • 5/26/2026

Read third time by title, roll called on final passage, yeas 97, nays 0. Finally passed, ordered to the Senate.

Yes: 97 • No: 0

House vote • 5/18/2026

Reported with amendments

Yes: 11 • No: 0

Senate vote • 3/23/2026

Read by title, passed by a vote of 35 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.

Yes: 35 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 753.

    6/2/2026Senate

  2. Effective date 8/1/2026.

    6/2/2026Senate

  3. Signed by the Speaker of the House.

    5/29/2026House

  4. Sent to the Governor by the Secretary of the Senate.

    5/29/2026Senate

  5. Enrolled. Signed by the President of the Senate.

    5/28/2026Senate

  6. Read third time by title, roll called on final passage, yeas 97, nays 0. Finally passed, ordered to the Senate.

    5/26/2026House

  7. Received from the House with amendments.

    5/26/2026Senate

  8. Scheduled for floor debate on 05/26/2026.

    5/25/2026House

  9. Read by title, amended, passed to 3rd reading.

    5/20/2026House

  10. Reported with Legislative Bureau amendments.

    5/19/2026House

  11. Reported with amendments (11-0). Referred to the Legislative Bureau.

    5/18/2026House

  12. Read by title, under the rules, referred to the Committee on Commerce.

    3/25/2026House

  13. Received in the House from the Senate, read by title, lies over under the rules.

    3/24/2026House

  14. Read by title, passed by a vote of 35 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.

    3/23/2026Senate

  15. Read by title. Ordered engrossed and passed to third reading and final passage.

    3/16/2026Senate

  16. Reported favorably.

    3/11/2026Senate

  17. Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Commerce, Consumer Protection and International Affairs.

    3/9/2026Senate

  18. Prefiled and under the rules provisionally referred to the Committee on Commerce, Consumer Protection and International Affairs.

    2/27/2026Senate

Bill Text

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