Unless the trust instrument provides otherwise, a trustee may enter into leases of trust property, including oil, gas, and mineral leases, either as lessor or lessee, for such periods and with such provisions as are reasonable, whether or not the term of the lease exceeds the term of the trust.
R.S. 9:2118 active rs title
Lease of trust property ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1968, No. 134, §1