R.S. 9:2129

Corporate trustees; deposit of securities in clearing corporation ACTIVE

A. Unless the trust instrument provides otherwise, a corporate trustee may deposit or arrange for deposit in a clearing corporation securities held by it as fiduciary or as agent for a fiduciary or nonfiduciary, provided the records maintained by the corporate trustee with respect to those securities disclose the capacity in which they are held.

B. Securities deposited in a clearing corporation may be registered in the name of either the clearing corporation or its nominee without disclosing the capacity in which they are held.

C. Securities deposited in a clearing corporation may be stored together with other securities of the same class of the same issuer also stored in the clearing corporation, but not the securities of the clearing corporation, and may be combined with such other securities into one or more securities of the same class of the same issuer.

Actions

References

None.

Cited by

None.

History

  • enactment Acts 1983, No. 346, §1

Section navigation

Cite R.S. 9:2129

Bluebook
La. Rev. Stat. Ann. § 9:2129 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-2129
BibTeX
@misc{larevstat-9-2129,
  title        = {La. Rev. Stat. Ann. § 9:2129},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-2129},
  note         = {Snapshot 2026-05-22}
}