§2273.  Who may be trustee

Only the following persons may serve as a trustee of a trust established by this Part:

(1)  A natural person enjoying full capacity to contract who is a citizen or resident alien of the United States.

(2)  A federally insured depository institution organized under the laws of Louisiana, another state, or of the United States, or a financial institution or trust company authorized to exercise trust or fiduciary powers under the laws of Louisiana or of the United States.

Acts 2003, No. 480, §1; Acts 2008, No. 637, §1, eff. Jan. 1, 2009.