La. Rev. Stat. § 9:2026
Termination or modification to prevent impairment of trust purposes; termination of small trust
Louisiana · Louisiana Revised Statutes Title 9 — Civil Code-Ancillaries · Status: effective
Cite this
- Citation
- La. Rev. Stat. § 9:2026, Termination or modification to prevent impairment of trust purposes; termination of small trust, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2646476
- Permanent ID
ys:prov:2646476@1- SHA-256
24545bb830037d1857b8cddccf16f475c3c4bf31532582000c2802dbe5d0a423
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
A. The proper court may order the termination or modification of a trust, in whole or in part, if the continuance of the trust unchanged would defeat or substantially impair the purposes of the trust. In the event of termination of a trust under this Subsection, the proper court shall provide for the distribution of the trust property, including principal and undistributed income, to the beneficiaries in a manner that conforms as nearly as possible to the intention of the settlor.
B. Except as otherwise provided by the terms of the trust, a trustee may terminate a trust after obtaining the consent of all beneficiaries or their legal representatives if the market value of a trust is less than one hundred thousand dollars. A natural tutor, without need for a formal tutorship proceeding and concurrence of an undertutor, may consent to the termination of a trust on behalf of a minor.
C. In the event of the termination or modification of a trust under this Section, the trustee shall not be subject to liability for such termination or modification.