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Code · Louisiana · Title 9 — Civil Code-Ancillaries

RS 9:2204

86 words·~1 min read·/la/title-9/9-471

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RS 9:2204
§2204. Liability of successor trustee
A trustee shall not be liable to a beneficiary for a breach of trust committed by a predecessor trustee, unless he:
(1)Knows or should know of a situation constituting a breach of trust committed by his predecessor and improperly permits it to continue; or
(2)Neglects to take proper steps to compel the predecessor to deliver the trust property to him; or
(3)Neglects to take proper steps to redress a breach of trust committed by the predecessor.
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