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private law commercial paper:私人法律商业票据精品
Louisiana Law R eview
Volume 33 | Numb r 2
The Work of the Louisiana Appellate Courts for the
1971-1972 Term: A Sy mp osium
Winter 1973
Private Law : Commercial Paper
Ronald L. Hersbergen
R pository Citation
Ronald L. H rsb rg n, Pri ate Law: Commercial Pap er, 33 La. L. R v. (1973)
Available at : http://digitalcommons.law.lsu. du/lalr v/vol33/iss2/14
This Article is brought to you for fr e and op n acc ss by the Law R vi ws and Journals at DigitalCommons @ LSU Law C nt r. It has b n acc pt d
for inclusion in Louisiana Law R vi w by an authoriz d administrator of DigitalCommons @ LSU Law C nt r. For more information, pl ase contact
sarah.buras@law.lsu. du.
LOUISIANA LAW REVIEW [Vol. 33
occurs; by the same token, the court should have power to com-
pel the trustee to correct an abuse which has already occurred.
It is interesting that the court relies upon the settlors inten-
tion as its standard, rather than the less subjective prudent man
rule. In his respect, the decision accords with those in other
jurisdictions.
Huber v. Calcasieu Marine National Bank involved an
action against the trustee for alleged maladministration of an
inter vivos trust. The settlor of that trust died before the action
was brought, leaving her entire estate in two testamentary trusts,
one for the benefit of her only child, a son, and the other for the
benefit of his six children. It was alleged and sustained that the
action against the trustee of the inter vivos trust was an asset
of the estate of the settlor and thus became part of the trust
property of the testamentary trusts. It remained
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