La. Rev. Stat. § 9:2271
This is the official text of La. Rev. Stat. § 9:2271, 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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Charitable purpose; beneficiary; conditions
Official statutory text
A charitable trust is created when a person makes a donation inter vivos or mortis causa in trust for the relief of poverty, the advancement of education or religion, the promotion of health, governmental or municipal purposes, or other purposes the achievement of which is beneficial to society. The trust instrument may be specific or general in the statement of its purposes and may include any conditions that are not contrary to law or good morals. The charitable trust may have as its purpose to benefit one or more institutional beneficiaries. An "institutional beneficiary" is a trust, corporation, or other entity that has any of the foregoing purposes and is a current mandatory or discretionary beneficiary. Otherwise, the beneficiaries of the trust shall be selected by the trustee or any other person, pursuant to the terms of the trust instrument.
Acts 2008, No. 637, §1, eff. Jan. 1, 2009.
Acts 2008, No. 637, §1, eff. Jan. 1, 2009.
Status: in_force · Read it on the official government site
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