Louisiana Statutes

§ 9:2066 — Judicial permission or direction to deviate from investment provisions of trust instrument

Louisiana·Title 9 Civil Code-Ancillaries
The proper court, if convinced that adherence to the investments prescribed by the trust instrument would be likely to affect adversely the best interests of a beneficiary to a serious extent, having due regard for the purposes of the trust, may upon application by a trustee or a beneficiary permit or direct the trustee to invest in securities not prescribed by the trust instrument, but a trustee is under no duty to make such an application to the court.

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