Usufruct
R.S. 9:2124

Holding stock in name of nominee ACTIVE

A trustee owning stock may hold it in the name of a nominee, without mention of the trust in the stock certificate or stock registration book, provided that the trust records and all reports or accounts rendered by a trustee clearly show the ownership of the stock and the facts regarding its holding. A trustee shall be personally liable for any loss to the trust resulting from any act of the nominee in connection with stock so held.

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Cite R.S. 9:2124

Bluebook
La. Rev. Stat. Ann. § 9:2124 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-2124
BibTeX
@misc{larevstat-9-2124,
  title        = {La. Rev. Stat. Ann. § 9:2124},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-2124},
  note         = {Snapshot 2026-05-22}
}