Louisiana Revised Statutes 9:2001 – General rule
Current as of: 2023 | Check for updates
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Terms Used In Louisiana Revised Statutes 9:2001
- 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 beneficiary may transfer or encumber the whole or any part of his interest unless the trust instrument provides to the contrary.