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La. Rev. Stat. § 11:264.6

Cofiduciary liability

Louisiana · Louisiana Revised Statutes Title 11 — Consolidated Public Retirement · Status: effective

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La. Rev. Stat. § 11:264.6, Cofiduciary liability, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2673652
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A. Any fiduciary who participates in a breach committed by a cofiduciary, or who tries to conceal a cofiduciary's breach, shall be held liable jointly for breach of fiduciary duty. Cofiduciary liability also results from a fiduciary's failure to use reasonable care to prevent a cofiduciary from committing a breach. B. Any fiduciary who has knowledge of a cofiduciary's breach has a duty to remedy the breach.