Louisiana Revised Statutes 9:1986 – Retroactive nature of refusal
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Terms Used In Louisiana Revised Statutes 9:1986
- 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
A refusal operates retroactively to the date of the creation of the trust, and a beneficiary is considered never to have received an interest.