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Louisiana Revised Statutes Tit. 9, § 2204. Liability of successor trustee

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

A trustee shall not be liable to a beneficiary for a breach of trust committed by a predecessor trustee, unless he:

(1) Knows or should know of a situation constituting a breach of trust committed by his predecessor and improperly permits it to continue; or

(2) Neglects to take proper steps to compel the predecessor to deliver the trust property to him; or

(3) Neglects to take proper steps to redress a breach of trust committed by the predecessor.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 9, § 2204. Liability of successor trustee - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-9-sect-2204/

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