RS 9:2207
94 words·~1 min read·
/la/title-9/9-473A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 9:2207
§2207. Relief from liability by beneficiary
A beneficiary who is acting with knowledge of the material facts and whose action is not improperly induced by the conduct of a trustee may, by written instrument delivered to a trustee, relieve a trustee from liabilities that otherwise would be imposed upon him. The instrument shall not be effective if it limits prospectively and in general terms a trustee's liability for breach of the duty of loyalty to a beneficiary, or for breach of trust in bad faith.
Amended by Acts 2020, No. 18, §1.