La. Rev. Stat. § 9:2084
Loan by trustee to himself
Louisiana · Louisiana Revised Statutes Title 9 — Civil Code-Ancillaries · Status: effective
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- Citation
- La. Rev. Stat. § 9:2084, Loan by trustee to himself, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2646503
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Full text
A corporate trustee shall not lend trust funds to itself or an affiliate, or to a director, an officer or an employee of itself or of an affiliate, unless the trust instrument provides otherwise. An individual trustee shall not lend funds to himself, or to his relative, employer, employee, partner, or other business associate, unless the trust instrument provides otherwise.