Louisiana Revised Statutes 9:2084 – Loan by trustee to himself
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Terms Used In Louisiana Revised Statutes 9:2084
- Trustee: A person or institution holding and administering property in trust.
A corporate trustee shall not lend trust funds to itself or an affiliate, or to a director, an officer or an employee of itself or of an affiliate, unless the trust instrument provides otherwise. An individual trustee shall not lend funds to himself, or to his relative, employer, employee, partner, or other business associate, unless the trust instrument provides otherwise.