RS 9:1951 General rule - Louisiana Statutes

SUBPART O.  TRUSTS FOR MIXED PRIVATE AND

CHARITABLE PURPOSES

§1951.  General rule

A trust may be created for mixed private and educational, charitable, or religious purposes.  The dispositions of such a trust in favor of private beneficiaries are governed by the provisions of this Code; those in favor of other beneficiaries are governed by R.S. 9:2271 through 9:2337 relating to trusts for educational, charitable, or religious purposes.  As long as there remains a private beneficiary, the trust shall be administered in accordance with the provisions of R.S. 9:2061 through 9:2173.  Unitrusts and annuity trusts as defined in the United States Internal Revenue Code are mixed trusts.  

Amended by Acts 1972, No. 659, §1.