Louisiana Revised Statutes 9:2262.1 – Definitions
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Terms Used In Louisiana Revised Statutes 9:2262.1
- 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.
A. As used in this Chapter, “foreign trust” shall mean any of the following:
(1) A trust which by the terms of the trust instrument is governed by the law of a jurisdiction other than Louisiana.
(2) A trust of which the settlor was domiciled in a jurisdiction other than Louisiana at the time the trust was created.
B. As used in this Chapter, “institutional trustee” shall mean an entity entitled to serve as a trustee pursuant to the provisions of La. Rev. Stat. 9:1783(A)(2) and (B).
Acts 2001, No. 890, §1.