La. Rev. Stat. § 9:2013
This is the official text of La. Rev. Stat. § 9:2013, 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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Settlor as default principal beneficiary
Official statutory text
If the trust instrument fails effectively to designate a principal beneficiary at the time when the principal beneficiary is to be determined, the settlor shall be the principal beneficiary, and upon his death his interest shall vest in his heirs or legatees. Likewise, if at any time no provisional principal beneficiary is identifiable under the terms of the trust instrument, the settlor shall be the provisional principal beneficiary.
Acts 1988, No. 589, §1.
Acts 1988, No. 589, §1.
Status: in_force · Read it on the official government site
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