A trust may be created for mixed private and charitable purposes. The dispositive provisions of such a trust in favor of private beneficiaries are governed by the provisions of this Code; those in favor of charitable beneficiaries are governed by Parts I through IV of Chapter 2 of Code Title II of Code Book III of this Title. As long as there remains a private beneficiary, the trust shall be administered in accordance with the provisions of this Code.
R.S. 9:1951 active rs title
General rule ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1972, No. 659, §1
- amendment Acts 2012, No. 742, §1