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2021 Louisiana Laws
Revised Statutes
Title 9 - Civil Code-Ancillaries
§2207. Relief from liability by beneficiary
Universal Citation:
LA Rev Stat § 9:2207 (2021)
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RS 2207 - Relief from liability by beneficiary
A beneficiary who is acting with knowledge of the material facts and whose action is not improperly induced by the conduct of a trustee may, by written instrument delivered to a trustee, relieve a trustee from liabilities that otherwise would be imposed upon him. The instrument shall not be effective if it limits prospectively and in general terms a trustee's liability for breach of the duty of loyalty to a beneficiary, or for breach of trust in bad faith.
Amended by Acts 2020, No. 18, §1.
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