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

Louisiana Statutes

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

Louisiana § 9:2066

Title 9Civil Code-Ancillaries

This text of Louisiana § 9:2066 (Judicial permission or direction to deviate from investment provisions of trust instrument) 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. § 9:2066 (2026).

Text

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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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.