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Louisiana Revised Statutes Tit. 9, § 2082. Administration in interest of beneficiary; duty of impartiality

Current as of January 01, 2023 | Updated by Findlaw Staff

A. A trustee shall administer the trust solely in the interest of the beneficiary.

B. When there is more than one beneficiary, a trustee shall administer the trust impartially, based on what is fair and reasonable to all of the beneficiaries, except to the extent that the trust instrument manifests an intention that the trustee shall or may favor one or more of the beneficiaries.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 9, § 2082. Administration in interest of beneficiary; duty of impartiality - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-9-sect-2082/

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