Louisiana Statutes
§ 9:2124 — Holding stock in name of nominee
Louisiana·Title 9 Civil Code-Ancillaries
A trustee owning stock may hold it in the name of a nominee, without mention of the trust in the stock certificate or stock registration book, provided that the trust records and all reports or accounts rendered by a trustee clearly show the ownership of the stock and the facts regarding its holding. A trustee shall be personally liable for any loss to the trust resulting from any act of the nominee in connection with stock so held.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 9:2124 (Holding stock in name of nominee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 9:211
§ 9:211§ 9:2111
§ 9:2111§ 9:2112
Attachment of powers to office§ 9:2115
Control of discretionary powers§ 9:2117
Expenses that may be incurred§ 9:2118
Lease of trust property§ 9:2119
Sale of trust property§ 9:2120
Mortgage or pledge; borrowing