Louisiana Statutes
§ 11:264.6 — Cofiduciary liability
Louisiana § 11:264.6
JurisdictionLouisiana
Title 11Consolidated Public Retirement Systems
This text of Louisiana § 11:264.6 (Cofiduciary liability) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 11:264.6 (2026).
Text
A.Any fiduciary who participates in a breach committed by a cofiduciary, or who tries to conceal a cofiduciary's breach, shall be held liable jointly for breach of fiduciary duty. Cofiduciary liability also results from a fiduciary's failure to use reasonable care to prevent a cofiduciary from committing a breach.
B.Any fiduciary who has knowledge of a cofiduciary's breach has a duty to remedy the breach.
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Legislative History
Acts 1992, No. 1046, §1, eff. July 1, 1993.
Nearby Sections
9
§ 11:264
Fiduciary relationships§ 11:264.1
Liabilities; discretionary control§ 11:264.2
Fiduciary restriction; felony conviction§ 11:264.3
Basic fiduciary duty§ 11:264.4
Exclusive interest rule§ 11:264.5
Breach of fiduciary duty§ 11:264.6
Cofiduciary liabilityCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 11:264.6, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/11%3A264.6.