State Codes and Statutes
Statutes > Louisiana > Rs > Title9 > Rs9-1951SUBPART 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.
