Louisiana Statutes
§ 9:2205 — Liability of co-trustee
Louisiana·Title 9 Civil Code-Ancillaries
A trustee shall not be liable to a beneficiary for a breach of trust committed by a co-trustee, unless he:
(1)Participates in a breach of trust committed by his co-trustee;
(2)Delegates improperly the administration of the trust to his co-trustee;
(3)Conceals, approves, or acquiesces in a breach of trust committed by his co-trustee;
(4)Enables his co-trustee to commit a breach of trust by his failure to exercise reasonable care in the administration of the trust; or
(5)Neglects to take proper steps to compel his co-trustee to redress a breach of trust.
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Related
Brown v. Schwegmann
861 So. 2d 862 (Louisiana Court of Appeal, 2003)
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