Louisiana Statutes
§ 6:623 — Fiduciary responsibility
Louisiana § 6:623
JurisdictionLouisiana
Title 6Banks and Banking
This text of Louisiana § 6:623 (Fiduciary responsibility) 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. § 6:623 (2026).
Text
The board of a trust company is responsible for the proper exercise of fiduciary powers by the trust company and each matter pertinent to the exercise of fiduciary powers, including determination of policies, investment, and disposition of property held in a fiduciary capacity, and the direction and review of the actions of each officer, employee, and committee used by the trust company in the exercise of its fiduciary powers.
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Legislative History
Acts 2003, No. 573, §1, eff. June 27, 2003.
Nearby Sections
15
§ 6:601
§ 6:601§ 6:602
Other real estate§ 6:611
§ 6:611§ 6:613
Subsidiaries§ 6:614
Mutual funds§ 6:621
§ 6:621§ 6:622
Pledge of assets§ 6:623
Fiduciary responsibility§ 6:624
Reports of apparent crime§ 6:625
Out-of-state activities§ 6:626
Out-of-state trust companies§ 6:641
§ 6:641Cite This Page — Counsel Stack
Bluebook (online)
Louisiana § 6:623, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/6%3A623.