2006 Louisiana Laws - RS 9:2276 — Successors to trustees appointed by donor

§2276.  Successors to trustees appointed by donor

Wherever there is an entire failure of the individual trustees to accept, the governor shall appoint as trustees a number of persons equal to the number appointed by the donor and they shall have all the powers granted to and be subject to all the obligations imposed upon the original trustees.

Whenever a trust company or bank trustee shall fail to accept, shall decline to act, or shall cease to exist, the Governor shall appoint another trust company or trust bank created by the laws of this state, or a national bank having its principal office in this state, as successor trustee, which shall have all the powers granted to and be subject to all the obligations imposed upon the original trustee.