Louisiana Revised Statutes 22:915 – Donations inter vivos of life insurance policies; laws respecting form inapplicable
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Terms Used In Louisiana Revised Statutes 22:915
- Inter vivos: Transfer of property from one living person to another living person.
A. Donations inter vivos of life insurance policies, and the naming of beneficiaries therein, whether revocably or irrevocably, are not governed by the provisions of the Revised Civil Code of 1870, or any other laws of this state relative to the form of donations inter vivos.
B. This Section is remedial and retrospective. All donations inter vivos of life insurance policies made on or before July 31, 1968, are valid and effective, whether or not such donations were made in the form prescribed by the Civil Code or by any other laws of this state.
Acts 1958, No. 125. Amended by Acts 1968, No. 157, §§1, 2; Redesignated from La. Rev. Stat. 22:1521 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2011, No. 94, §1, eff. Jan. 1, 2012.