Current as of January 01, 2019 | Updated by FindLaw Staff
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The proper court, if convinced that adherence to the investments prescribed by the trust instrument would be likely to affect adversely the best interests of a beneficiary to a serious extent, having due regard for the purposes of the trust, may upon application by a trustee or a beneficiary permit or direct the trustee to invest in securities not prescribed by the trust instrument, but a trustee is under no duty to make such an application to the court.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 9, § 2066. Judicial permission or direction to deviate from investment provisions of trust instrument - last updated January 01, 2019 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-9-sect-2066/
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