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Code · Louisiana · Title 9 — Civil Code-Ancillaries

RS 9:2124

87 words·~1 min read·/la/title-9/9-425

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RS 9:2124
§2124. Holding stock in name of nominee
A trustee owning stock may hold it in the name of a nominee, without mention of the trust in the stock certificate or stock registration book, provided that the trust records and all reports or accounts rendered by a trustee clearly show the ownership of the stock and the facts regarding its holding. A trustee shall be personally liable for any loss to the trust resulting from any act of the nominee in connection with stock so held.
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