La. Rev. Stat. § 9:1963
Permissible stipulations regulating distribution of income
Louisiana · Louisiana Revised Statutes Title 9 — Civil Code-Ancillaries · Status: effective
Cite this
- Citation
- La. Rev. Stat. § 9:1963, Permissible stipulations regulating distribution of income, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2646438
- Permanent ID
ys:prov:2646438@1- SHA-256
e499c6a73ee669b1824be072754d1986eb89ec54dc2a82997bb97e4f68545035
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Except as otherwise provided with respect to class trusts and the legitime in trust, a settlor may stipulate when the income allocated to a beneficiary shall be distributed to him, or may stipulate that the trustee has discretion to determine the time and frequency of distribution. If the trust instrument allows the trust to retain income received in a year of the trust and distribute it in a later year, the income retained at the end of the year is deemed to be accumulated, unless the trust instrument requires the undistributed income to be added to principal. Objective standards are not required for the accumulation of income or for the distribution of accumulated income.