Usufruct
R.S. 9:2291

Termination of small trust ACTIVE

If the value of the assets of a charitable trust is less than one hundred thousand dollars, the trustees may terminate the charitable trust. In such a case, the trustees shall distribute the trust property to the institutional beneficiaries or, if there are no institutional beneficiaries, in a manner that conforms as nearly as possible to the purposes of the trust. The trustees shall incur no liability for the termination of the trust in accordance with the provisions of this Section.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

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History

  • enactment Acts 2008, No. 637, §1, eff. Jan. 1, 2009

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Cite R.S. 9:2291

Bluebook
La. Rev. Stat. Ann. § 9:2291 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-2291
BibTeX
@misc{larevstat-9-2291,
  title        = {La. Rev. Stat. Ann. § 9:2291},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-2291},
  note         = {Snapshot 2026-05-22}
}