Louisiana Administrative Code
Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS
Part XIII - Cemetery Industry
Chapter 15 - Cemetery Care Fund
Section XIII-1509 - Investment Advisors
Universal Citation: LA Admin Code XIII-1509
Current through Register Vol. 50, No. 3, March 20, 2024
A. Nothing in these rules shall be construed as prohibiting the trustee or cemetery authority from utilizing the services of an investment advisor. However, the use of an investment advisor does not relieve the trustee of its obligations and fiduciary responsibilities to administer the trust under the provisions of the Louisiana Cemetery Act or these rules including, but not limited to, directing and oversight of all trust assets. At all times the assets of the trust must be held by the trustee.
AUTHORITY NOTE: Promulgated in accordance with R.S. 8:67.
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