Usufruct
R.S. 6:615

Engaging in commerce prohibited ACTIVE

Except as otherwise provided by this Chapter or rules adopted under this Chapter, a trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing in goods or by owning or operating a business not part of the trust business, except as necessary to fulfill a fiduciary obligation to a client.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 2003, No. 573, §1, eff. June 27, 2003

Section navigation

Cite R.S. 6:615

Bluebook
La. Rev. Stat. Ann. § 6:615 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-615
BibTeX
@misc{larevstat-6-615,
  title        = {La. Rev. Stat. Ann. § 6:615},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-615},
  note         = {Snapshot 2026-05-22}
}