reglab/housing_qa huggingface dataset:
LA Rev Stat § 9:1702 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1702. Agreement not to partition by persons holding property in common

RS 1702 - Agreement not to partition by persons holding property in common Persons holding property in common may agree that there shall not be a partition of the property held in common for a specific period of time, not to exceed fifteen years; however, persons holding in common an electric generating plant or unit, or the site of such plant or unit, located in this state may agree that such plant or unit or site shall not be partitioned for a period of time not to exceed ninety-nine years. Any agreement under the provisions of this Section shall be in writing and shall be valid irrespective of the provisions of Civil Code Article 807. Acts 1991, No. 349, §2; Acts 2010, No. 221, §1.
LA Rev Stat § 9:1711 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711. Definitions

RS 1711 - Definitions  In this Chapter, the following definitions shall apply unless the context otherwise requires:  (1) "Beneficiary form" means a registration of a security that indicates the present owner or co-owners of the security and the designation of the person in whose name the security is to be registered upon the death of the owner or co-owner.  (2) "Good faith" has the same meaning as provided in R.S. 10:1-201.  (3) "Registering entity" means a person who originates or transfers a security title by registration, and includes a broker maintaining security accounts for customers and a transfer agent or other person acting for or as an issuer of securities.  (4) "Security" means a share, participation, or other interest in movable property, in a business, or in an obligation of an enterprise or other issuer, and includes a certificated security, an uncertificated security, and a security account. It shall not include a share, participation, or other interest in immovable property.  (5) "Security account" means the following:  (a) A reinvestment account associated with a security, a securities account with a broker, a cash balance in a brokerage account, cash, interest, earnings, or dividends earned or declared on a security in an account, a reinvestment account, or a brokerage account, whether or not credited to the account before the owner's death.  (b) A cash balance or other property held for or due to the owner of a security as a replacement for or product of an account security, whether or not credited to the account before the owner's death.  (6) "State" includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.1. Registration in beneficiary form

RS 1711.1 - Registration in beneficiary form  Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as co-owners in indivision or tenants in common, may obtain registration in beneficiary form.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.2. Registration in beneficiary form; applicable law

RS 1711.2 - Registration in beneficiary form; applicable law  A. A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity's principal office, the office of its transfer agent or its office making the registration, or by this or a similar statute of the law of the state listed as the owner's address at the time of registration. A registration governed by the law of a jurisdiction in which this or similar legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.  B. The registration in beneficiary form shall be executed by the owner in authentic form or an act under private signature executed in the presence of two persons.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.3. Form of registration in beneficiary form

RS 1711.3 - Form of registration in beneficiary form  Registration in beneficiary form may be shown by the words "transfer on death" or the abbreviation "TOD", or by the words "pay on death" or the abbreviation "POD", after the name of the registered owner and before the name of a beneficiary, or when registration is in the names of multiple owners by the words "joint tenants with the right of survivorship" or the abbreviation "JTWROS".  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.4 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.4. Effect of registration in beneficiary form

RS 1711.4 - Effect of registration in beneficiary form  A registration of a security in beneficiary form does not constitute a donation inter vivos or mortis causa. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or by any of the surviving owners without the consent of the beneficiary.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.5 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.5. Registration on death of owner

RS 1711.5 - Registration on death of owner  A. On proof of death of a sole owner or the last to die of all multiple owners, and after compliance with any applicable requirements of the registering entity, a security registered in beneficiary form may be registered in the name of the beneficiary or beneficiaries who survived the death of all owners, in compliance with this Chapter, but this registration in the name of the beneficiary or beneficiaries has no effect on ownership.  B. The provisions of this Chapter shall apply notwithstanding the fact that the decedent designates a beneficiary by last will and testament.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.6 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.6. Registering entity

RS 1711.6 - Registering entity  A. A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registration in beneficiary form assents to the protections given to the registering entity by this Chapter.  B. By accepting a request for registration of a security in beneficiary form, the registering entity agrees that the registration shall be implemented on death of the deceased owner as provided in this Chapter.  C. A registering entity shall not be held liable and is discharged from all claims to a security by the estate, surviving spouse, creditors, heirs, legatees, or forced heirs of a deceased owner if it registers a transfer of the security in accordance with this Chapter and does so in good faith reliance on the registration in beneficiary form, on this Chapter, and on information provided to it by affidavit of the succession representative of the deceased owner, or by the surviving beneficiary or by the surviving beneficiary's representatives. The protections of this Chapter do not extend to a registration or payment made after a registering entity has received written notice from any claimant to any interest in the security objecting to implementation of a registration in beneficiary form. No other notice or information available to the registering entity affects its right to protection under this Chapter.  D. The protection provided by this Chapter to the registering entity of a security does not affect the rights of succession representatives, surviving spouses, heirs, legatees, forced heirs, or creditors in disputes between themselves and other claimants to ownership of the security transferred or its value or proceeds.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.7 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.7. Terms, conditions, and forms for registration

RS 1711.7 - Terms, conditions, and forms for registration  A. A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests for registrations in beneficiary form, and for implementation of registrations in beneficiary form, including requests for cancellation of previously registered beneficiary designations and requests for reregistration to effect a change of beneficiary.  B. The terms and conditions so established may provide for proving death, avoiding or resolving any problems concerning fractional shares, designating primary and contingent beneficiaries, and substituting a named beneficiary's descendants to take in the place of the named beneficiary in the event of the beneficiary's death.  C. Substitution may be indicated by appending to the name of the primary beneficiary the letters "LDPS", standing for "lineal descendants per stirpes" or "LDR" for "lineal descendants by representation". This designation substitutes a deceased beneficiary's descendants who survive the owner for a beneficiary who is deceased, the descendants to be identified and to share in accordance with the law of the owner's domicile at the owner's death governing inheritance by descendants of an intestate succession.  D. Other forms of identifying beneficiaries who are to take on one or more contingencies, and rules for providing proofs and assurances needed to satisfy reasonable concerns by registering entities regarding conditions and identities relevant to accurate implementation of registrations in beneficiary form, may be contained in a registering entity's terms and conditions.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.8 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.8. Short title; rules of construction

RS 1711.8 - Short title; rules of construction  A. This Chapter shall be known as and may be cited as the "Louisiana Uniform Transfer on Death Security Registration Act" or the "Louisiana Uniform TOD Security Registration Act".  B. The provisions of this Chapter shall be liberally construed.  C. Unless displaced by the particular provisions of this Chapter, the principles of Louisiana law supplement provisions of this Chapter.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1711.9 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1711.9. Application of Chapter

RS 1711.9 - Application of Chapter  A. This Chapter shall become effective on January 1, 2022, and shall apply only to registrations of securities in beneficiary form made on and after January 1, 2022.  B. This Chapter shall not preclude or govern the application of payable on death accounts and other transfers by a bank or savings institution as authorized by Title 6 of the Louisiana Revised Statutes of 1950.  Acts 2021, No. 167, §1, eff. Jan. 1, 2022.
LA Rev Stat § 9:1721 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1721. Title

RS 1721 - Title  This Chapter shall be known and may be cited as the Louisiana Trust Code.
LA Rev Stat § 9:1722 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1722. Express private trusts authorized; application of Code

RS 1722 - Express private trusts authorized; application of Code  Express private trusts are hereby authorized subject to the rules prescribed in this Code.
LA Rev Stat § 9:1723 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1723. Dispositions containing substitutions

RS 1723 - Dispositions containing substitutions  A disposition authorized by this Code may be made in trust although it would contain a prohibited substitution if it were made free of trust.
LA Rev Stat § 9:1724 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1724. Construction of Code

RS 1724 - Construction of Code  The provisions of this Code shall be accorded a liberal construction in favor of freedom of disposition. Whenever this Code is silent, resort shall be had to the Civil Code or other laws, but neither the Civil Code nor any other law shall be invoked to defeat a disposition sanctioned expressly or impliedly by this Code.
LA Rev Stat § 9:1725 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1725. Definitions

RS 1725 - Definitions  Except when the context clearly indicates otherwise, as used in this Code:  (1) "Affiliate" means a person directly or indirectly controlling or controlled by another person, or a person under direct or indirect common control with another person. It includes a person with whom a trustee has an express or implied agreement regarding the purchase of trust investment by each from the other directly or indirectly, except a broker or stock exchange.  (2) "Income beneficiary" means a beneficiary to whom income is payable, presently, conditionally, or in the future, or for whom it is accumulated, or who is entitled to the beneficial use of principal presently, conditionally, or in the future, for a time before its distribution.  (3) "Person" means an individual, a corporation, a partnership, a limited liability company, an association, a joint stock company, a business trust, or two or more persons having a joint or common interest.  (4) "Principal beneficiary" means a beneficiary presently, conditionally, or ultimately entitled to principal.  (5) "Proper court" means the court as determined by the provisions of R.S. 9:2235.  (6) "Relative" means a spouse, ascendant, descendant, brother, or sister.  (7) "Spendthrift trust," when used without other qualifying words, means a trust under which alienation by a beneficiary of an interest in income or principal is restricted to the full extent permitted by this Code.  (8) "Trust instrument" means the written document creating the trust and all amendments and modifications thereof.  Amended by Acts 1972, No. 656, §1; Acts 2010, No. 390, §1; Acts 2016, No. 544, §1.
LA Rev Stat § 9:1731 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1731. Trust defined

RS 1731 - Trust defined  A trust, as the term is used in this Code, is the relationship resulting from the transfer of title to property to a person to be administered by him as a fiduciary for the benefit of another.
LA Rev Stat § 9:1732 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1732. Inter vivos and testamentary trusts

RS 1732 - Inter vivos and testamentary trusts  A trust is either testamentary or inter vivos.
LA Rev Stat § 9:1733 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1733. Testamentary trust defined

RS 1733 - Testamentary trust defined  A trust is testamentary when it is created by donation mortis causa.
LA Rev Stat § 9:1734 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1734. Inter vivos trust defined

RS 1734 - Inter vivos trust defined  All trusts not testamentary are considered inter vivos, regardless of the time of creation.
LA Rev Stat § 9:1735 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1735. Gratuitous and onerous trusts

RS 1735 - Gratuitous and onerous trusts  A trust may be gratuitous or onerous. It may be gratuitous as to one beneficiary and onerous as to another.
LA Rev Stat § 9:1736 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1736. Conditions

RS 1736 - Conditions  A trust or a disposition in trust may be made subject to any condition not forbidden in this Code and not against public order or good morals.
LA Rev Stat § 9:1737 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1737. Dispositions permitted

RS 1737 - Dispositions permitted  A settlor may dispose of property in trust to the same extent that he may dispose of that property free of trust and to any other extent authorized by this Code. A trust containing a substitution authorized by this Code is valid.
LA Rev Stat § 9:1751 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1751. Form of testamentary trust

RS 1751 - Form of testamentary trust  A testamentary trust may be created only in one of the forms prescribed by the laws regulating donations mortis causa.
LA Rev Stat § 9:1752 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1752. Form of inter vivos trust

RS 1752 - Form of inter vivos trust  An inter vivos trust may be created only by authentic act or by act under private signature executed in the presence of two witnesses and duly acknowledged by the settlor or by the affidavit of one of the attesting witnesses.
LA Rev Stat § 9:1753 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1753. Technical language not required; interpretation of instrument

RS 1753 - Technical language not required; interpretation of instrument  No particular language is required to create a trust, but it must clearly appear that the creation of a trust is intended.  A trust instrument shall be given an interpretation that will sustain the effectiveness of its provisions if the trust instrument is susceptible of such an interpretation.
LA Rev Stat § 9:1754 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1754. Incorporation by reference

RS 1754 - Incorporation by reference  A trust, whether inter vivos or testamentary, may incorporate by reference any or all of the terms of an existing trust. Unless the instrument otherwise provides, all amendments of the existing trust in force on the date of the execution of the instrument creating the new trust shall be deemed incorporated, but neither subsequent modification nor termination of the existing trust shall have any effect on the new trust.
LA Rev Stat § 9:1755 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1755. Acceptance by trustee

RS 1755 - Acceptance by trustee  The trustee may accept the trust in the trust instrument or in a separate instrument.
LA Rev Stat § 9:1761 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1761. Settlor defined

RS 1761 - Settlor defined  A settlor is a person who creates a trust. A person who subsequently transfers property to the trustee of an existing trust is not a settlor.
LA Rev Stat § 9:1762 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1762. Number of settlors

RS 1762 - Number of settlors  There may be one or more settlors of an inter vivos trust.
LA Rev Stat § 9:1763 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1763. Who may be settlor of inter vivos trust

RS 1763 - Who may be settlor of inter vivos trust  A person having capacity to contract by onerous title may be a settlor of an onerous inter vivos trust. A person having capacity to contract by gratuitous title may be a settlor of a gratuitous inter vivos trust.
LA Rev Stat § 9:1764 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1764. Who may be settlor of testamentary trust

RS 1764 - Who may be settlor of testamentary trust  A natural person having capacity to make a donation mortis causa may be the settlor of a testamentary trust.
LA Rev Stat § 9:1771 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1771. General rule

RS 1771 - General rule  Property susceptible of private ownership, and any interest in such property may be transferred in trust.
LA Rev Stat § 9:1781 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1781. Trustee defined

RS 1781 - Trustee defined  A trustee is a person to whom title to the trust property is transferred to be administered by him as a fiduciary.
LA Rev Stat § 9:1782 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1782. Number of trustees

RS 1782 - Number of trustees  There may be one or more trustees of a trust.
LA Rev Stat § 9:1783 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1783. Who may be trustee

RS 1783 - Who may be trustee  A. Only the following persons or entities may serve as a trustee of a trust established pursuant to this Code:  (1) A natural person enjoying full capacity to contract who is a citizen or resident alien of the United States, who may be the settlor, the beneficiary, or both.  (2) A federally insured depository institution organized under the laws of Louisiana, another state, or of the United States.  (3) A financial institution or trust company organized under the laws of Louisiana or the United States, authorized to exercise trust or fiduciary powers under the laws of Louisiana or of the United States, or trust company organized under the laws of another state and operating in Louisiana pursuant to R.S. 6:626(A)(1) and (2).  B. A nonprofit corporation or trust for educational, charitable, or religious purposes that is designated as income or principal beneficiary may serve as trustee of a trust for mixed private and charitable purposes.  Acts 1985, No. 534, §1; Acts 1995, No. 215, §1; Acts 1997, No. 1400, §1, eff. July 15, 1997; Acts 2001, No. 684, §1; Acts 2004, No. 521, §1; Acts 2015, No. 219, §1; Acts 2019, No. 334, §2, eff. June 11, 2019; Acts 2020, No. 18, §1.
LA Rev Stat § 9:1784 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1784. Jurisdiction over the trustee

RS 1784 - Jurisdiction over the trustee A trustee who accepts a trust established pursuant to this Code submits to the jurisdiction of the courts of this state. Acts 2001, No. 594, §2.
LA Rev Stat § 9:1785 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1785. Manner in which trustee chosen

RS 1785 - Manner in which trustee chosen  An original trustee, an alternate trustee, or a successor trustee may be designated in the trust instrument or chosen by the use of a method provided in the trust instrument, but neither failure of the trust instrument to so provide nor disqualification or removal of the trustee for any reason, incompetence or unwillingness to act of the person so designated or chosen shall invalidate the trust. In such a case, the proper court shall appoint one or more trustees.  Acts 1978, No. 391, §1.
LA Rev Stat § 9:1786 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1786. Provisional trustee

RS 1786 - Provisional trustee  The proper court may appoint a provisional trustee if necessary to preserve, safeguard, and administer the trust property. The appointment may be made summarily upon the application of an interested party or upon the court's own motion.
LA Rev Stat § 9:1787 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1787. Provisional trustee; security

RS 1787 - Provisional trustee; security  A provisional trustee shall furnish the security deemed necessary by the proper court.
LA Rev Stat § 9:1788 (2021)
2021 Louisiana Laws|Revised Statutes|Title 9 - Civil Code-Ancillaries|§1788. Resignation of trustee

RS 1788 - Resignation of trustee  A trustee may resign at any time by giving written notice of resignation to each of the beneficiaries or by mailing written notice to each at his last known address. The trust instrument may provide another method of resignation and notice.