---
urn: urn:us-la:rs:9:1801
citation: "R.S. 9:1801"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title II › Chapter 1 › Part II › Subpart F"
acts_citations:
  - { year: 1989, number: 110, section: 1, effective_date: null, role: enactment }
  - { year: 1995, number: 414, section: 1, effective_date: null, role: amendment }
---

# Beneficiary defined

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.