{"data":{"id":"us-la/rs-9-2095","jurisdiction":"us-la","citation":"RS 9:2095","heading":"Bank deposits","body":"Although a trustee can properly make a general deposit of trust money in a bank, he shall use reasonable care in selecting the bank and properly earmark the deposit as a deposit of trust funds by him as trustee, unless the trust instrument provides otherwise.\nA corporate trustee making a general deposit of trust money with an affiliate or its own banking department has a duty to a beneficiary to obtain as security for the deposit readily marketable bonds or other obligations having and maintaining a market value at least equal to the amount of the deposit, unless dispensed from doing so by specific words in the trust instrument, but such a dispensation shall not be construed as preventing a corporate trustee from putting up security for a deposit of trust money if it desires to do so. No security shall be required for any deposit up to the amount insured by the Federal Deposit Insurance Corporation.","path":["TITLE 9. CIVIL CODE-ANCILLARIES"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=106921","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:49:31Z","sha256":"ab4c18c0abd307db45af84371f4ecb1b5c670074d7136d0e13cc54d826bf86c2","source_id":"us-la","stale":false,"prev":"us-la/rs-9-2094","next":"us-la/rs-9-2096"},"notice":"GroundRules: Original legal text. Not legal advice."}