Louisiana Revised Statutes 9:2081 – Breach of trust defined
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Terms Used In Louisiana Revised Statutes 9:2081
- 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
- Trustee: A person or institution holding and administering property in trust.
A violation by a trustee of a duty he owes to a beneficiary as trustee is a breach of trust.