Louisiana Code of Civil Procedure 86 – Action involving voting trusts
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Terms Used In Louisiana Code of Civil Procedure 86
- Inter vivos: Transfer of property from one living person to another living person.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Trustee: A person or institution holding and administering property in trust.
An action against a voting trust or trustee of the voting trust, or both, may be brought:
(1) In the parish or parishes where the document or documents creating the voting trust were executed.
(2) If stock transferred to the voting trust was held by an inter vivos trust, in the parish or parishes where the inter vivos trust documents were executed.
(3) If stock transferred to the voting trust was held by a mortis causa trust, in the parish having jurisdiction over the settlor’s estate.
Acts 1998, 1st Ex. Sess., No. 102, §2, eff. May 5, 1998.