Shares may be issued in the name of a minor and in trust in such manner as the charter may provide. When shares are so issued the name of the beneficiary must be disclosed to the credit union.
La. R.S. 6:653
Shares of minors and in trust
Known as the Louisiana Credit Union Law
The act spans §§ 6–6 (50 sections).
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.