Usufruct
R.S. 9:757

Transfer by obligor ACTIVE

A. Subject to Subsections B and C of this Section, a person, not subject to the provisions of R.S. 9:755 or 756, who holds property of or owes a liquidated debt to a minor not having a tutor may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to R.S. 9:759.

B. If a person having the right to do so under R.S. 9:753 has nominated a custodian under that Section to receive the custodial property, the transfer shall be made to that person.

C. If no custodian has been nominated under R.S. 9:753, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this Section may be made to an adult member of the minor's family or to a trust company unless the property exceeds ten thousand dollars in value.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1987, No. 469, §1, eff. Jan. 1, 1988

Section navigation

Cite R.S. 9:757

Bluebook
La. Rev. Stat. Ann. § 9:757 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-757
BibTeX
@misc{larevstat-9-757,
  title        = {La. Rev. Stat. Ann. § 9:757},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-757},
  note         = {Snapshot 2026-05-22}
}