La. Rev. Stat. § 9:2260.14
Expenses, compensation, and bond of custodial trustee
Louisiana · Louisiana Revised Statutes Title 9 — Civil Code-Ancillaries · Status: effective
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- Citation
- La. Rev. Stat. § 9:2260.14, Expenses, compensation, and bond of custodial trustee, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2646610
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Full text
Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
(1) Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services.
(2) Has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year.
(3) Need not furnish a bond or other security for the faithful performance of fiduciary duties.