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2021 Louisiana Laws
Revised Statutes
Title 9 - Civil Code-Ancillaries
§2203. Balancing losses against gains
Universal Citation: LA Rev Stat § 9:2203 (2021)
RS 2203 - Balancing losses against gains
A trustee who is liable for a loss occasioned by one breach of trust cannot reduce the amount of his liability by deducting the amount of a gain that has accrued through another distinct breach of trust; but if the two breaches of trust are not distinct, a trustee is accountable only for the net gain or chargeable only for the net loss resulting therefrom.
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