Usufruct
R.S. 9:2029

Effect of termination ACTIVE

A termination of a trust causes the dispositive provisions of the trust to achieve their ultimate effect. A partial termination of a trust causes some of the dispositive provisions to achieve their ultimate effect. A beneficiary receiving trust property as a result of the whole or partial termination of a trust shall be personally liable for the obligations and liabilities of the trust existing on the date of termination to the extent of the value of the trust property received by such beneficiary unless, in the case of a partial termination, existing trust property is sufficient to satisfy the obligations and liabilities of the trust.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1995, No. 344, §3

Section navigation

Cite R.S. 9:2029

Bluebook
La. Rev. Stat. Ann. § 9:2029 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-2029
BibTeX
@misc{larevstat-9-2029,
  title        = {La. Rev. Stat. Ann. § 9:2029},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-2029},
  note         = {Snapshot 2026-05-22}
}