Usufruct
R.S. 9:1783

Who may be trustee ACTIVE

A. Only the following persons or entities may serve as a trustee of a trust established pursuant to this Code:

(1) A natural person enjoying full capacity to contract who is a citizen or resident alien of the United States, who may be the settlor, the beneficiary, or both.

(2) A federally insured depository institution organized under the laws of Louisiana, another state, or of the United States.

(3) A financial institution or trust company organized under the laws of Louisiana or the United States, authorized to exercise trust or fiduciary powers under the laws of Louisiana or of the United States, or trust company organized under the laws of another state and operating in Louisiana pursuant to R.S. 6:626(A)(1) and (2).

B. A nonprofit corporation or trust for educational, charitable, or religious purposes that is designated as income or principal beneficiary may serve as trustee of a trust for mixed private and charitable purposes.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

History

  • enactment Acts 1985, No. 534, §1
  • amendment Acts 1995, No. 215, §1
  • amendment Acts 1997, No. 1400, §1, eff. July 15, 1997
  • amendment Acts 2001, No. 684, §1
  • amendment Acts 2004, No. 521, §1
  • amendment Acts 2015, No. 219, §1
  • amendment Acts 2019, No. 334, §2, eff. June 11, 2019
  • amendment Acts 2020, No. 18, §1

Section navigation

Cite R.S. 9:1783

Bluebook
La. Rev. Stat. Ann. § 9:1783 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-1783
BibTeX
@misc{larevstat-9-1783,
  title        = {La. Rev. Stat. Ann. § 9:1783},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-1783},
  note         = {Snapshot 2026-05-22}
}