Louisiana Revised Statutes 22:412 – Assets
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Terms Used In Louisiana Revised Statutes 22:412
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Every authorized trust fund shall have and maintain financial assets sufficient to satisfy all current and future financial obligations and responsibilities to beneficiaries. The commissioner shall adopt rules establishing minimum financial standards for authorized trust funds.
Acts 1986, No. 574, §2; Redesignated from La. Rev. Stat. 22:2052 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.