DIVORCE: Provides for the revocation of beneficiary designation for certain assets. (8/1/24)
This bill modifies the rules for revoking beneficiary designations on certain assets when a divorce occurs. It requires individuals to notify the asset holder's home or principal office that a beneficiary designation has been revoked under the new law. The change aims to ensure that financial institutions are properly informed when a divorce settlement alters who receives specific assets.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2024
Committee Review
Apr 2024
Senate Passage
Mar 2024
House Passage
May 2024
Signed into Law
May 2024
Introduced Feb 26, 2024
Signed May 21, 2024
Floor votes · Senate Mar 20, 2024 · House May 13, 2024
How they voted
33–0
Passed · 4 other
Total votes 37
Mar 20, 2024
D
Democratic12
100% Yea
R
Republican25
84% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
22
Key actions
4
Committee
4
Amendments
1
May 13, 2024
Lower · Passed
Read third time by title, roll called on final passage, yeas 91, nays 0. Finally passed, ordered to the Senate.
lower
Apr 24, 2024
Introduced
Reported without Legislative Bureau amendments.
lower
Apr 23, 2024
Lower · Passed
Reported favorably (11-0-1). Referred to the Legislative Bureau.
lower
Mar 25, 2024
Committee
Read by title, under the rules, referred to the Committee on Civil Law and Procedure.
lower
Mar 20, 2024
Upper · Passed
Senate floor amendments read and adopted. Read by title and passed by a vote of 35 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.
upper
Mar 12, 2024
Upper · Passed
Reported favorably.
upper
Mar 11, 2024
Committee
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Judiciary A.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Greg Miller
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 49
Scope: LA
Hi! I can help you understand SB 49. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline