The trust instrument may state a date or a method for defining a date on which the class shall close. Unless the trust instrument provides otherwise, the class shall close when, because of the definition of the class, members may no longer be added to it.
R.S. 9:1896 active rs title
Closing of the class ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1978, No. 706, §1