La. Rev. Stat. § 9:2127
Standard of care in investing and management
Louisiana · Louisiana Revised Statutes Title 9 — Civil Code-Ancillaries · Status: effective
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- Citation
- La. Rev. Stat. § 9:2127, Standard of care in investing and management, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2646534
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Full text
Unless the trust instrument provides otherwise, a trustee shall invest and manage trust property as a prudent investor. In satisfying this standard, the trustee shall consider the purposes, terms, distribution requirements, and other circumstances of the trust. A trustee's investment and management decisions are to be evaluated in the context of the trust property as a whole and as part of an overall investment strategy having risk and return objectives reasonably suited to the trust. In investing within the limitations of the foregoing standard, a trustee is authorized to retain and acquire every kind of property.