Upon a principal beneficiary's death, his interest vests in his heirs or legatees, subject to the trust. Nevertheless, the trust instrument may provide otherwise by designating substitute principal beneficiaries to the extent permitted by the following Sections of this Subpart and R.S. 9:1895.
R.S. 9:1972 active rs title
Treatment of interest upon death of principal beneficiary ACTIVE
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References
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History
- enactment Acts 1974, No. 160, §1
- amendment Acts 1995, No. 414, §1
- amendment Acts 2016, No. 544, §1