2006 Louisiana Laws - RS 9:2292 — Duration of trust according to principles of order or institution

§2292.  Duration of trust according to principles of order or institution

When any money or other property has been donated, subscribed or contributed for charitable purposes and according to the uses, customs, tenets, or principles of any fraternal, charitable, religious, or benevolent order or institution, authorized and existing in this state, the trust shall not fail or its purposes be defeated and the funds distributed, as long as there is in this state, a lodge, branch, or society capable of executing and administering the trust and funds for the germane purposes for which it was created.  The dissolution of the association or corporation originally administering the trust shall in no wise affect or defeat it.