The proper court, if convinced that adherence to the investments prescribed by the trust instrument would be likely to affect adversely the best interests of a beneficiary to a serious extent, having due regard for the purposes of the trust, may upon application by a trustee or a beneficiary permit or direct the trustee to invest in securities not prescribed by the trust instrument, but a trustee is under no duty to make such an application to the court.
R.S. 9:2066 active rs title
Judicial permission or direction to deviate from investment provisions of trust instrument ACTIVE
Actions
References
None.
Cited by
None.
History
No legislative history recorded.