Louisiana Revised Statutes 9:2171 – An individual trustee shall furnish security for the faithful performance of his duties, unless the trust instrument dispenses with security. A corporate trustee need not furnish sec
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Terms Used In Louisiana Revised Statutes 9:2171
- Trustee: A person or institution holding and administering property in trust.
An individual trustee shall furnish security for the faithful performance of his duties, unless the trust instrument dispenses with security. A corporate trustee need not furnish security unless security is required by the trust instrument.
The amount and type of security shall be approved by the proper court if not provided for in the trust instrument.
Acts 2020, No. 17, §4, eff. Jan. 1, 2021.