{"data":{"id":"us-la/rs-9-2124","jurisdiction":"us-la","citation":"RS 9:2124","heading":"Holding stock in name of nominee","body":"A trustee owning stock may hold it in the name of a nominee, without mention of the trust in the stock certificate or stock registration book, provided that the trust records and all reports or accounts rendered by a trustee clearly show the ownership of the stock and the facts regarding its holding. A trustee shall be personally liable for any loss to the trust resulting from any act of the nominee in connection with stock so held.","path":["TITLE 9. CIVIL CODE-ANCILLARIES"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=106939","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:49:32Z","sha256":"b2b2cb33121356108ca07d3cde942f49fef1b310b5708aee21f9d704c2986cb8","source_id":"us-la","stale":false,"prev":"us-la/rs-9-2123","next":"us-la/rs-9-2125"},"notice":"GroundRules: Original legal text. Not legal advice."}