Louisiana § 9:3810 Check upon deposit in name of two or more trustees; duties of bank and holder

Louisiana Statutes

§ 9:3810 — Check upon deposit in name of two or more trustees; duties of bank and holder

Louisiana § 9:3810

Title 9Civil Code-Ancillaries

This text of Louisiana § 9:3810 (Check upon deposit in name of two or more trustees; duties of bank and holder) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 9:3810 (2026).

Text

When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account, by any trustee or trustees, authorized by the other trustee or trustees to draw checks upon the trust account, neither the payee nor other holder, nor the bank, is bound to inquire whether it is a breach of trust to authorize such trustee or trustees to draw checks upon the trust account, and is not liable unless the circumstances be such that the action of the payee or other holder or the bank amounts to bad faith.

Free access — add to your briefcase to read the full text and ask questions with AI

When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account, by any trustee or trustees, authorized by the other trustee or trustees to draw checks upon the trust account, neither the payee nor other holder, nor the bank, is bound to inquire whether it is a breach of trust to authorize such trustee or trustees to draw checks upon the trust account, and is not liable unless the circumstances be such that the action of the payee or other holder or the bank amounts to bad faith.