Louisiana Revised Statutes 9:2275 – Trust enforcement
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 9:2275
- 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
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Trustee: A person or institution holding and administering property in trust.
A. Any of the following persons may petition the court to enforce the trust:
(1) A settlor or a universal successor of a settlor.
(2) A trustee.
(3) An institutional beneficiary.
(4) A person appointed in the trust instrument for this purpose.
(5) The attorney general.
B. Enforcement of the trust includes but is not limited to actions to accomplish any of the following:
(1) Compel a trustee to perform his duties, such as the duty to render an annual account.
(2) Enjoin a trustee from committing a breach of trust.
(3) Compel a trustee to redress a breach of trust.
(4) Remove a trustee.
Acts 2008, No. 637, §1, eff. Jan. 1, 2009.