Louisiana Revised Statutes 9:2083 – Dealing on own account
Current as of: 2023 | Check for updates
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Terms Used In Louisiana Revised Statutes 9:2083
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
A trustee in dealing with a beneficiary on the trustee’s own account shall deal fairly with him and communicate to him all material facts in connection with the transaction that the trustee knows or should know.