2011 Louisiana Laws
Revised Statutes
TITLE 9 — Civil code-ancillaries
RS 9:1951 — General rule
SUBPART O. TRUSTS FOR MIXED PRIVATE AND
CHARITABLE PURPOSES
§1951. General rule
A trust may be created for mixed private and educational, charitable, or religious purposes. The dispositions of such a trust in favor of private beneficiaries are governed by the provisions of this Code; those in favor of other beneficiaries are governed by R.S. 9:2271 through 9:2337 relating to trusts for educational, charitable, or religious purposes. As long as there remains a private beneficiary, the trust shall be administered in accordance with the provisions of R.S. 9:2061 through 9:2173. Unitrusts and annuity trusts as defined in the United States Internal Revenue Code are mixed trusts.
Amended by Acts 1972, No. 659, §1.
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