Louisiana Revised Statutes 9:2061 – The nature and extent of the duties and powers of a trustee are determined from the provisions of the trust instrument, except as otherwise expressly provided in this Code, and, in t
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 9:2061
- Trustee: A person or institution holding and administering property in trust.
The nature and extent of the duties and powers of a trustee are determined from the provisions of the trust instrument, except as otherwise expressly provided in this Code, and, in the absence of any provisions of the trust instrument, by the provisions of this Part and by law. Unless the trust instrument provides otherwise, the duties of the trustee are owed exclusively to the settlor while a trust is revocable.
Amended by Acts 2022, No. 37, §1.