Louisiana Statutes
§ 9:2203 — Balancing losses against gains
Louisiana·Title 9 Civil Code-Ancillaries
A trustee who is liable for a loss occasioned by one breach of trust cannot reduce the amount of his liability by deducting the amount of a gain that has accrued through another distinct breach of trust; but if the two breaches of trust are not distinct, a trustee is accountable only for the net gain or chargeable only for the net loss resulting therefrom.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 9:2203 (Balancing losses against gains) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 9:2201
§ 9:2201§ 9:2203
Balancing losses against gains§ 9:2204
Liability of successor trustee§ 9:2205
Liability of co-trustee§ 9:222
Place of issuance§ 9:2221
§ 9:2221§ 9:2222
Remedies against third persons§ 9:223
Form§ 9:2231
§ 9:2231§ 9:2232
Injunctive relief