2006 Louisiana Laws - RS 9:2291 — Duration of trust when right to destroy not reserved
PART II. PERPETUAL DURATION
§2291. Duration of trust when right to destroy not reserved
Whenever one or more persons have donated, subscribed, or contributed a sum of money or other property and have dedicated it, in any manner, to some charitable, benevolent, or eleemosynary use, and have not expressly reserved in the dedication the right to dissolve, abolish, or destroy the trust or dedication made, the trust or dedication shall continue forever as long as there is a competent person or institution to administer it.
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