Louisiana § 9:1951

Louisiana Statutes

§ 9:1951

Louisiana·Title 9 Civil Code-Ancillaries

§1951. General rule
A trust may be created for mixed private and charitable purposes. The dispositive provisions of such a trust in favor of private beneficiaries are governed by the provisions of this Code; those in favor of charitable beneficiaries are governed by Parts I through IV of Chapter 2 of Code Title II of Code Book III of this Title. As long as there remains a private beneficiary, the trust shall be administered in accordance with the provisions of this Code.
Amended by Acts 1972, No. 659, §1; Acts 2012, No. 742, §1.

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§1951. General rule
A trust may be created for mixed private and charitable purposes. The dispositive provisions of such a trust in favor of private beneficiaries are governed by the provisions of this Code; those in favor of charitable beneficiaries are governed by Parts I through IV of Chapter 2 of Code Title II of Code Book III of this Title. As long as there remains a private beneficiary, the trust shall be administered in accordance with the provisions of this Code.
Amended by Acts 1972, No. 659, §1; Acts 2012, No. 742, §1.

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