La. Rev. Stat. § 9:2207
This is the official text of La. Rev. Stat. § 9:2207, 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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Relief from liability by beneficiary
Official statutory text
A beneficiary who is acting with knowledge of the material facts and whose action is not improperly induced by the conduct of a trustee may, by written instrument delivered to a trustee, relieve a trustee from liabilities that otherwise would be imposed upon him. The instrument shall not be effective if it limits prospectively and in general terms a trustee's liability for breach of the duty of loyalty to a beneficiary, or for breach of trust in bad faith.
Amended by Acts 2020, No. 18, §1.
Amended by Acts 2020, No. 18, §1.
Status: in_force · Read it on the official government site
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