Usufruct
R.S. 9:1801

Beneficiary defined ACTIVE

A beneficiary is a person for whose benefit the trust is created and may be a natural person, corporation, partnership, or other legal entity having the capacity to receive property. A trustee of a trust, in his capacity of trustee, can be the beneficiary of another trust. Neither the heir, legatee, or assignee of a designated beneficiary, nor a beneficiary by reason of a substitution under Subpart B of Part III of this Chapter, is considered a beneficiary for the purpose of fixing the maximum allowable term of the trust.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1989, No. 110, §1
  • amendment Acts 1995, No. 414, §1

Section navigation

Cite R.S. 9:1801

Bluebook
La. Rev. Stat. Ann. § 9:1801 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-1801
BibTeX
@misc{larevstat-9-1801,
  title        = {La. Rev. Stat. Ann. § 9:1801},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-1801},
  note         = {Snapshot 2026-05-22}
}