La. Rev. Stat. § 6:623
This is the official text of La. Rev. Stat. § 6:623, part of Louisiana’s Rev. Stat — part of the compiled statutory law of Louisiana, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Fiduciary responsibility
Official statutory text
The board of a trust company is responsible for the proper exercise of fiduciary powers by the trust company and each matter pertinent to the exercise of fiduciary powers, including determination of policies, investment, and disposition of property held in a fiduciary capacity, and the direction and review of the actions of each officer, employee, and committee used by the trust company in the exercise of its fiduciary powers.
Acts 2003, No. 573, §1, eff. June 27, 2003.
Acts 2003, No. 573, §1, eff. June 27, 2003.
Status: in_force · Read it on the official government site
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