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Louisiana · Through 2025 First Extraordinary Session

RS 11:264.6: Cofiduciary liability

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  1. TITLE 11. CONSOLIDATED PUBLIC RETIREMENT

A. Any fiduciary who participates in a breach committed by a cofiduciary, or who tries to conceal a cofiduciary's breach, shall be held liable jointly for breach of fiduciary duty. Cofiduciary liability also results from a fiduciary's failure to use reasonable care to prevent a cofiduciary from committing a breach.

B. Any fiduciary who has knowledge of a cofiduciary's breach has a duty to remedy the breach.

Collected 2026-09-14T04:50:14Z. Source file · JSON

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