{
  "urn": "urn:us-la:rs:9:2127",
  "title_number": "9",
  "section_number": "2127",
  "citation": "R.S. 9:2127",
  "heading": "Standard of care in investing and management",
  "text": "Unless the trust instrument provides otherwise, a trustee shall invest and manage trust property as a prudent investor. In satisfying this standard, the trustee shall consider the purposes, terms, distribution requirements, and other circumstances of the trust. A trustee's investment and management decisions are to be evaluated in the context of the trust property as a whole and as part of an overall investment strategy having risk and return objectives reasonably suited to the trust. In investing within the limitations of the foregoing standard, a trustee is authorized to retain and acquire every kind of property.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "9",
      "name": "CIVIL CODE--ANCILLARIES"
    },
    {
      "level": "code_preliminary_title",
      "number": "1",
      "name": "[BLANK]"
    },
    {
      "level": "code_book",
      "number": "III",
      "name": "OF THE DIFFERENT MODES OF ACQUIRING THE OWNERSHIP OF THINGS PRELIMINARY TITLE - GENERAL DISPOSITIONS (BLANK)"
    },
    {
      "level": "code_title",
      "number": "II",
      "name": "OF DONATIONS INTER VIVOS (BETWEEN LIVING PERSONS) AND MORTIS CAUSA (IN PROSPECT OF DEATH)"
    },
    {
      "level": "chapter",
      "number": "1",
      "name": "LOUISIANA TRUST CODE"
    },
    {
      "level": "part",
      "number": "V",
      "name": "DUTIES AND POWERS OF THE TRUSTEE"
    },
    {
      "level": "subpart",
      "number": "C",
      "name": "POWERS OF THE TRUSTEE"
    }
  ],
  "breadcrumb": "Title 9 › Code Preliminary Title › Code Book III › Code Title II › Chapter 1 › Part V › Subpart C",
  "acts_citations": [
    {
      "act_year": 1986,
      "act_number": 178,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    },
    {
      "act_year": 1991,
      "act_number": 665,
      "section": 2,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    },
    {
      "act_year": 2001,
      "act_number": 520,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1986, No. 178, §1; Acts 1991, No. 665, §2; Acts 2001, No. 520, §1.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=106942",
  "website_law_id": 106942,
  "scrape_timestamp": "2026-05-22T23:55:21Z",
  "source_html_hash": "sha256:ecec349a76e8d76a6213e9406a2e3245d45ddc5c19fec32fb857c38fa7463d15",
  "schema_version": "1.0.0"
}