Louisiana Statutes
§ 9:2272 — Trustees
Louisiana·Title 9 Civil Code-Ancillaries
The trust instrument may designate the trustee or trustees or provide a method for their designation, including provision for the appointment of additional trustees and successor trustees. If the trust has no trustee or fewer trustees than the instrument requires, the vacancy shall be filled in the following order: pursuant to the procedures set forth in the trust instrument; or, if no effective procedure is set forth, by a majority of the remaining trustees; or, if a majority cannot agree or the office of trustee is vacant, by agreement of a majority in interest of the institutional beneficiaries; or, if there are no institutional beneficiaries or they cannot agree, by the proper court upon the application of any person. The trustee appointed by the proper court shall be a person describe
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Legislative History
Acts 2008, No. 637, §1, eff. Jan. 1, 2009.
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