La. Stat. tit. 6 § 615

Current with operative changes from the 2024 Third Special Legislative Session
Section 6:615 - Engaging in commerce prohibited

Except as otherwise provided by this Chapter or rules adopted under this Chapter, a trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing in goods or by owning or operating a business not part of the trust business, except as necessary to fulfill a fiduciary obligation to a client.

La. R.S. § 6:615

Acts 2003, No. 573, §1, eff. June 27, 2003.
Acts 2003, No. 573, §1, eff. 6/27/2003.