reglab/housing_qa huggingface dataset:
LA Rev Stat § 9:1902 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1902. Closing of class; continuation of trust

RS 1902 - Closing of class; continuation of trust  When the members of a class are designated beneficiaries of principal only and the beneficiaries of income are not a class as defined in this Sub-part, the trust shall terminate when the class has closed and all interests in income have ceased. The trust instrument may provide that the trust shall continue with respect to the share of a class member for his lifetime.
LA Rev Stat § 9:1903 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1903. Class not closed; termination of income interests; effect

RS 1903 - Class not closed; termination of income interests; effect  If all designated beneficiaries of income have died, or the period of their enjoyment has otherwise lapsed before the class that is beneficiary of the trust principal has closed, the income shall be credited and distributed annually to the beneficiaries of the principal until the trust terminates, in proportion to their interests, unless the trust instrument provides otherwise.
LA Rev Stat § 9:1904 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1904. General rule

RS 1904 - General rule  If the members of one class are designated beneficiaries of income and members of a different class are designated as beneficiaries of principal, the class of beneficiaries of income shall be governed by R.S. 9:1899 through 1901 and the class of beneficiaries of principal shall be governed by R.S. 9:1902 and 1903.  Acts 2015, No. 219, §1.
LA Rev Stat § 9:1905 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1905. Interests in income

RS 1905 - Interests in income  If members of the same class are designated beneficiaries of both income and principal, interests in income before the class closes shall be governed by R.S. 9:1899 through 1901.  Acts 2015, No. 219, §1.
LA Rev Stat § 9:1906 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1906. Term

RS 1906 - Term  The trust shall continue with respect to the share of a class member for his lifetime unless the trust instrument stipulates a shorter term, but the trust shall not terminate with respect to any interest until the class is closed.
LA Rev Stat § 9:1921 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1921. General rule

RS 1921 - General rule  An employer may create a trust for the benefit of employees whether or not the beneficiaries are in being and ascertainable at the time of its creation. Several settlors may join in one trust for the benefit of their respective employees.
LA Rev Stat § 9:1922 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1922. Term of trust

RS 1922 - Term of trust  A trust for employees may be created for any term or for an indefinite term.
LA Rev Stat § 9:1931 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1931. General rule

RS 1931 - General rule  A settlor or any other person may make additions of property to an existing trust by donation inter vivos or mortis causa, with the approval of the trustee. The right to make additions may be restricted or denied by the trust instrument.
LA Rev Stat § 9:1932 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1932. Form

RS 1932 - Form An addition of property to an existing trust must be made and accepted in the form required for such a donation free of trust. Acts 2001, No. 594, §2.
LA Rev Stat § 9:1933 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1933. Rights of person who adds property

RS 1933 - Rights of person who adds property  A person who adds property to an existing trust cannot acquire the rights of a settlor by virtue of the transfer, but the addition is subject to the general law of donations.
LA Rev Stat § 9:1934 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1934. Modification, termination, rescission, or revocation of trust to which property added

RS 1934 - Modification, termination, rescission, or revocation of trust to which property added  A trust may be modified, terminated, rescinded, or revoked, as provided by law or the trust instrument, without the consent of a person who has added property to the trust, even though the property that has been added is affected.
LA Rev Stat § 9:1935 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1935. When addition by donation inter vivos effected

RS 1935 - When addition by donation inter vivos effected  An addition of property to an existing trust by donation inter vivos is effective upon acceptance by the trustee.
LA Rev Stat § 9:1936 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1936. When addition by donation mortis causa effected

RS 1936 - When addition by donation mortis causa effected  An addition of property to an existing trust by donation mortis causa is effective at the moment of the donor's death.
LA Rev Stat § 9:1937 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1937. Definition of annual exclusion

RS 1937 - Definition of annual exclusion  When a trust anticipates future annual additions and refers to the annual exclusion from federal gift tax without stipulating a dollar limitation, the dollar limitation shall be the amount of the exclusion in effect in the year in which the donation is made to the trust.  Added by Acts 1982, No. 423, §1.
LA Rev Stat § 9:1951 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1951. General rule

RS 1951 - General rule A trust may be created for mixed private and charitable purposes. The dispositive provisions of such a trust in favor of private beneficiaries are governed by the provisions of this Code; those in favor of charitable beneficiaries are governed by Parts I through IV of Chapter 2 of Code Title II of Code Book III of this Title. As long as there remains a private beneficiary, the trust shall be administered in accordance with the provisions of this Code. Amended by Acts 1972, No. 659, §1; Acts 2012, No. 742, §1.
LA Rev Stat § 9:1952 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1952. Invasion of principal in mixed trusts

RS 1952 - Invasion of principal in mixed trusts  Invasion of principal in unitrusts and annuity trusts, as defined in the United States Internal Revenue Code, shall be regulated by principles set forth in that Code, unless the trust instrument provides otherwise.  Added by Acts 1972, No. 660, §1.
LA Rev Stat § 9:1953 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1953. Assignment of interest in trust and termination of trust for mixed private and charitable purposes

RS 1953 - Assignment of interest in trust and termination of trust for mixed private and charitable purposes  A. Unless the trust instrument provides otherwise or specifically contains a special needs provision, a private beneficiary of a trust for mixed private and charitable purposes may at any time assign to a charitable principal beneficiary of the trust a fraction or all of the private beneficiary's interest in the trust. An interest in a spendthrift trust may be assigned only gratuitously. An interest that is assignable only to a charitable principal beneficiary of the trust shall not be deemed to be subject to voluntary alienation for purposes of R.S. 9:2004.  B. If the trust instrument provides for the termination of the trust at the end of the specified term of the private interests, the trust may be terminated early by the charitable principal beneficiary as to the portion of the trust that, for any reason, no longer has a private beneficiary.  Acts 2012, No. 742, §1; Acts 2015, No. 219, §1.
LA Rev Stat § 9:1955 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1955. Power to divide community interests

RS 1955 - Power to divide community interests If a married couple transfers property to a trustee of a trust they alone have created, or if the trustee of that trust is designated as the beneficiary of a benefit payable upon a spouse's death under a policy or plan, and the transferred property or the spouses' interest in the policy or plan is wholly or partially their community property, the trust instrument may direct the trustee to divide the trust after the termination of the community into two separate shares or trusts according to the spouses' respective ownership interests in the property, or in the policy or plan. The two separate shares or trusts may be governed by different terms and conditions in the trust instrument, even as to the designation of beneficiaries. A "policy or plan" shall include a life insurance or annuity contract, and an employee benefit plan, individual retirement account, or similar benefit. Acts 1995, No. 1038, §2.
LA Rev Stat § 9:1961 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1961. Nature of the interest

RS 1961 - Nature of the interest A. An interest in income may be given absolutely or conditionally. It may be given for the life of a beneficiary or for a term, certain or uncertain, not exceeding the life of a beneficiary. B. A settlor may allocate to a beneficiary of income a portion of income. Any income not allocated to an income beneficiary shall be allocated to principal. C. Except as otherwise provided with respect to the legitime in trust, a settlor may give a trustee who is not a beneficiary of the trust discretion to allocate income in different amounts among the income beneficiaries or to allocate some or all of the income to principal. The settlor may allow income that is not allocated by the end of the year in which it is received to remain unallocated by the trustee until a future year. Any income unallocated when the trust terminates shall be allocated to principal. Acts 1997, No. 767, §1; Acts 2001, No. 594, §2.
LA Rev Stat § 9:1962 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1962. Distribution of income

RS 1962 - Distribution of income  In the absence of a contrary stipulation, income shall be distributed to the designated beneficiary at least every six months.
LA Rev Stat § 9:1963 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1963. Permissible stipulations regulating distribution of income

RS 1963 - Permissible stipulations regulating distribution of income Except as otherwise provided with respect to class trusts and the legitime in trust, a settlor may stipulate when the income allocated to a beneficiary shall be distributed to him, or may stipulate that the trustee has discretion to determine the time and frequency of distribution. If the trust instrument allows the trust to retain income received in a year of the trust and distribute it in a later year, the income retained at the end of the year is deemed to be accumulated, unless the trust instrument requires the undistributed income to be added to principal. Objective standards are not required for the accumulation of income or for the distribution of accumulated income. Acts 2003, No. 480, §1.
LA Rev Stat § 9:1964 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1964. Termination of income interest; undistributed income

RS 1964 - Termination of income interest; undistributed income An interest in income terminates upon the death of the designated beneficiary, or at the expiration of the period of his enjoyment if the interest is for a period less than life. At the termination of an income interest, accumulated or undistributed income that has been or is required to be allocated to the beneficiary shall be paid to the beneficiary or his heirs, legatees, assignees, or legal representatives, except as otherwise provided in this Code. Acts 1997, No. 767, §1.
LA Rev Stat § 9:1965 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1965. Effect of termination of interest

RS 1965 - Effect of termination of interest Unless the trust instrument provides otherwise: (1) Termination of the interest of the sole income beneficiary prior to the termination of the trust causes each principal beneficiary to become a beneficiary of income in an amount proportionate to his interest in the principal. (2)(a) Termination of an interest in income of one of several income beneficiaries causes the other income beneficiaries or their successors to become beneficiaries of that interest in income in proportion to their interests in the balance of trust income. (b) If, however, termination of the income interest is by death, and if descendants of the deceased income beneficiary are the beneficiaries of an interest in trust principal or succeed to such an interest upon the death of the income beneficiary, such descendants shall become beneficiaries of the deceased beneficiary's interest in trust income in proportion to the descendants' interests in their portion of trust principal. Acts 2003, No. 480, §1.
LA Rev Stat § 9:1971 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1971. Time of acquisition of interest

RS 1971 - Time of acquisition of interest The interest of a principal beneficiary is acquired immediately upon the creation of a trust, subject to the exceptions provided in this Code and in Civil Code Article 1521. Acts 1995, No. 413, §1; Acts 2010, No. 390, §1.
LA Rev Stat § 9:1972 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1972. Treatment of interest upon death of principal beneficiary

RS 1972 - Treatment of interest upon death of principal beneficiary  Upon a principal beneficiary's death, his interest vests in his heirs or legatees, subject to the trust. Nevertheless, the trust instrument may provide otherwise by designating substitute principal beneficiaries to the extent permitted by the following Sections of this Subpart and R.S. 9:1895.  Amended by Acts 1974, No. 160, §1; Acts 1995, No. 414, §1; Acts 2016, No. 544, §1.
LA Rev Stat § 9:1973 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1973. Shifting interest in principal

RS 1973 - Shifting interest in principal  A.(1) Except as to the legitime in trust, the trust instrument may provide that the interest of an original or a substitute principal beneficiary of an irrevocable trust vests in one or more of his descendants upon the death of the beneficiary either during the term of the trust or at its termination. The trust instrument may provide that the interest vests in another person if the beneficiary dies without descendants.  (2) With respect to the legitime in trust, the trust instrument may provide that the interest of an original or a substitute principal beneficiary vests in another person upon the death of the beneficiary either during the term of the trust or at its termination, only if a beneficiary dies intestate and without descendants.  B. The trust instrument may provide that the interest of a designated principal beneficiary of a revocable trust shifts to another person, if the substitution occurs no later than the date when the trust becomes irrevocable.  Added by Acts 1974, No. 160, §1. Acts 1989, No. 111, §1; Acts 1997, No. 254, §1; Acts 2010, No. 390, §1; Acts 2016, No. 544, §1.
LA Rev Stat § 9:1974 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1974. Substitute beneficiary's interest may be conditional

RS 1974 - Substitute beneficiary's interest may be conditional  The interest of a substitute beneficiary may be conditioned upon his surviving the principal beneficiary. The trust instrument may provide for one or more alternative substitute beneficiaries if a substitute beneficiary does not survive the principal beneficiary.  Added by Acts 1974, No. 160, §1.
LA Rev Stat § 9:1975 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1975. Requirement that substitute beneficiary be in being and ascertainable

RS 1975 - Requirement that substitute beneficiary be in being and ascertainable  Except as provided in R.S. 9:1978, a substitute beneficiary must be in being and ascertainable on the date of the creation of the trust; provided, however, that a class may be a substitute beneficiary subject to the requirements of R.S. 9:1891 through R.S. 9:1906.  Added by Acts 1974, No. 160, §1. Amended by Acts 1982, No. 455 §1.
LA Rev Stat § 9:1976 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1976. Treatment upon death of substitute beneficiary whose interest is not conditioned on survival

RS 1976 - Treatment upon death of substitute beneficiary whose interest is not conditioned on survival  Upon a substitute beneficiary's death, his interest, if not conditioned on survival, vests in his heirs or legatees subject to the trust.  Added by Acts 1974, No. 160, §1.
LA Rev Stat § 9:1977 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1977. Class as substitute beneficiary

RS 1977 - Class as substitute beneficiary  If the substitute beneficiary is a class, the interest of a deceased member of the class is determined by the rules governing class trusts.  Added by Acts 1974, No. 160, §1.
LA Rev Stat § 9:1978 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1978. Shifting interest in principal if beneficiary is descendant of settlor

RS 1978 - Shifting interest in principal if beneficiary is descendant of settlor The trust instrument may provide that the substitute beneficiaries under R.S. 9:1973 are one or more of settlor's descendants who are in being and ascertainable on the date of death of the principal beneficiary. Added by Acts 1982, No. 455, §1; Acts 1997, No. 254, §1.
LA Rev Stat § 9:1979 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1979. Status of potential substitute principal beneficiary

RS 1979 - Status of potential substitute principal beneficiary A person who will be a principal beneficiary of a trust only if a substitution occurs under R.S. 9:1973 is not considered a principal beneficiary until the substitution occurs. Acts 2003, No. 480, §1.
LA Rev Stat § 9:1981 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1981. General Rule

RS 1981 - General Rule  A beneficiary, whether of principal or income, may refuse an interest at any time after creation of the trust, provided he does so before accepting any benefit under the trust. A person incapable of contracting cannot refuse an interest in trust, but his representative may refuse for him. The refusal is irrevocable.
LA Rev Stat § 9:1982 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1982. Acceptance of interest in inter vivos trust by creditor; effect

RS 1982 - Acceptance of interest in inter vivos trust by creditor; effect  If a beneficiary of a gratuitous inter vivos trust refuses his interest, his creditor cannot accept it in his stead.
LA Rev Stat § 9:1983 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1983. Acceptance of interest in testamentary trust by creditor; effect

RS 1983 - Acceptance of interest in testamentary trust by creditor; effect  If a beneficiary of a testamentary trust refuses his interest to the prejudice of his creditors' rights, the creditors may accept in his stead to the extent that their rights have been prejudiced.
LA Rev Stat § 9:1984 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1984. Rights of beneficiary who refuses interest in testamentary trust

RS 1984 - Rights of beneficiary who refuses interest in testamentary trust  A beneficiary who refuses his interest in a testamentary trust cannot take the interest in the property free of the trust.
LA Rev Stat § 9:1985 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1985. Manner of refusal; effect of conditions

RS 1985 - Manner of refusal; effect of conditions  The refusal of an interest conferred in an inter vivos trust shall be in authentic form unequivocally disclaiming the interest. The refusal of an interest conferred in a testamentary trust shall be by renunciation of the settlor's succession. Conditions attached to the refusal shall be reputed not written.
LA Rev Stat § 9:1986 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1986. Retroactive nature of refusal

RS 1986 - Retroactive nature of refusal  A refusal operates retroactively to the date of the creation of the trust, and a beneficiary is considered never to have received an interest.
LA Rev Stat § 9:1987 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1987. Effect of refusal upon trustee

RS 1987 - Effect of refusal upon trustee A refusal is not effective as to a trustee until a copy of the act of refusal has been received by him. Acts performed by a trustee before a beneficiary's refusal becomes effective as to the trustee are not affected by the refusal.
LA Rev Stat § 9:1988 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1988. Partial refusal; refusal in another's favor

RS 1988 - Partial refusal; refusal in another's favor  A beneficiary may refuse all or any part of an interest in trust. The designation of the person in whose favor the refusal is to operate constitutes acceptance, but such a designation is subject to any restraint placed upon alienation by the trust instrument.  Acts 1983, No. 79, §1.
LA Rev Stat § 9:1989 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1989. Refusal of addition to trust

RS 1989 - Refusal of addition to trust  A beneficiary who has not refused his interest under the trust instrument may refuse an addition of property to the trust.
LA Rev Stat § 9:1990 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1990. Effect of refusal upon interest refused

RS 1990 - Effect of refusal upon interest refused A settlor may stipulate the effect of refusal. Unless the trust instrument otherwise provides, the following rules govern: (1) Refusal of the entire interest in trust causes the trust to fail. (2) Refusal by the sole income beneficiary causes principal beneficiaries, other than the refusing beneficiary, to become income beneficiaries, to the extent of the interest refused, in amounts proportionate to their interests or, in the absence of other principal beneficiaries, such a refusal operates as a substitution of the settlor or his heirs or legatees as beneficiaries of the refused income interest. (3) Except as provided in Paragraph (4), refusal of an interest by one of several income beneficiaries inures in favor of the other beneficiaries or their successors in proportion to their interests in the balance of the trust income. (4) If one or more descendants of a refusing income beneficiary are the beneficiaries of an interest in trust principal, either by designation in the instrument or by reason of Paragraph (5), those descendants become the beneficiaries of the refused interest, in proportion to their interests in trust principal. (5) A principal beneficiary of a testamentary trust who refuses his interest and to whom R.S. 9:1809 would have applied had he predeceased the settlor shall be treated as having predeceased the settlor. (6) Unless Paragraph (5) applies, refusal by the sole principal beneficiary operates a substitution of the settlor or his heirs or legatees as beneficiary of the principal, to the extent of the interest refused, without affecting the interest of the income beneficiary. (7) Unless Paragraph (5) applies, refusal of an interest by one of several principal beneficiaries inures in favor of the other beneficiaries or their successors in proportion to their interests in the balance of the trust principal. Acts 1983, No. 79, §1; Acts 2003, No. 480, §1.