Louisiana Statutes
§ 9:2207 — Relief from liability by beneficiary
Louisiana·Title 9 Civil Code-Ancillaries
§2207. Relief from liability by beneficiary
A beneficiary who is acting with knowledge of the material facts and whose action
is not improperly induced by the conduct of a trustee may, by written instrument delivered
to a trustee, relieve a trustee from liabilities that otherwise would be imposed upon him. The
instrument shall not be effective if it limits prospectively and in general terms a trustee's
liability for breach of the duty of loyalty to a beneficiary, or for breach of trust in bad faith.
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Legislative History
Amended by Acts 2020, No. 18, §1.
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