CHAPTER 1-B.  FOREIGN TRUSTS

§2262.1.  Definitions

A.  As used in this Chapter, "foreign trust" shall mean any of the following:

(1)  A trust which by the terms of the trust instrument is governed by the law of a jurisdiction other than Louisiana.

(2)  A trust of which the settlor was domiciled in a jurisdiction other than Louisiana at the time the trust was created.

B.  As used in this Chapter, "institutional trustee" shall mean an entity entitled to serve as a trustee pursuant to the provisions of R.S. 9:1783(A)(2) and (B).

Acts 2001, No. 890, §1.