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Terms Used In Louisiana Revised Statutes 9:1977

  • 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

If the substitute beneficiary is a class, the interest of a deceased member of the class is determined by the rules governing class trusts.  

Added by Acts 1974, No. 160, §1.