Usufruct
R.S. 9:1973

Shifting interest in principal ACTIVE

A.(1) Except as to the legitime in trust, the trust instrument may provide that the interest of an original or a substitute principal beneficiary of an irrevocable trust vests in one or more of his descendants upon the death of the beneficiary either during the term of the trust or at its termination. The trust instrument may provide that the interest vests in another person if the beneficiary dies without descendants.

(2) With respect to the legitime in trust, the trust instrument may provide that the interest of an original or a substitute principal beneficiary vests in another person upon the death of the beneficiary either during the term of the trust or at its termination, only if a beneficiary dies intestate and without descendants.

B. The trust instrument may provide that the interest of a designated principal beneficiary of a revocable trust shifts to another person, if the substitution occurs no later than the date when the trust becomes irrevocable.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

History

  • enactment Acts 1974, No. 160, §1
  • amendment Acts 1989, No. 111, §1
  • amendment Acts 1997, No. 254, §1
  • amendment Acts 2010, No. 390, §1
  • amendment Acts 2016, No. 544, §1

Section navigation

Cite R.S. 9:1973

Bluebook
La. Rev. Stat. Ann. § 9:1973 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-1973
BibTeX
@misc{larevstat-9-1973,
  title        = {La. Rev. Stat. Ann. § 9:1973},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-1973},
  note         = {Snapshot 2026-05-22}
}