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2021 Louisiana Laws
Revised Statutes
Title 9 - Civil Code-Ancillaries
§2192. Indemnity for expenses not properly incurred
Universal Citation:
LA Rev Stat § 9:2192 (2021)
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RS 2192 - Indemnity for expenses not properly incurred
If an expense is not properly incurred in the administration of a trust, a trustee is entitled to indemnity from the trust estate for such an expense to the extent that he has thereby conferred a benefit upon the trust estate, unless the trust instrument provides to the contrary, or unless the circumstances make it inequitable to allow him indemnity.
If an expense is not properly incurred in the administration of a trust, a trustee is entitled to indemnity from the trust estate for the full amount of the expense, if the transaction in which the expense is incurred is of such a character that the beneficiary is in a position either to reject or accept it and he accepts it.
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