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Louisiana · Through 2025 First Extraordinary Session

RS 9:2203: Balancing losses against gains

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Where this section sits in the code
  1. TITLE 9. CIVIL CODE-ANCILLARIES

A trustee who is liable for a loss occasioned by one breach of trust cannot reduce the amount of his liability by deducting the amount of a gain that has accrued through another distinct breach of trust; but if the two breaches of trust are not distinct, a trustee is accountable only for the net gain or chargeable only for the net loss resulting therefrom.

Collected 2026-09-14T04:49:33Z. Source file · JSON

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