RS 9:1981 - General Rule

LA Rev Stat § 9:1981 (2018) (N/A)
Copy with citation
Copy as parenthetical citation

SUBPART C. REFUSAL

§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.