HLS 14RS-1190 REENGROSSED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2014 HOUSE BILL NO. 620 BY REPRESENTATIVE ABRAMSON TRUSTS: Provides relative to the delegation of authority of a trustee AN ACT1 To amend and reenact R.S. 9:2087(B), relative to trusts; to provide relative to the delegation2 of certain duties of a trustee; to provide that the delegation of authority for the sale3 of immovable property under certain circumstances shall be considered a ministerial4 duty; and to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 9:2087(B) is hereby amended and reenacted to read as follows: 7 ยง2087. Delegating performance8 * * *9 B.(1) A trustee may, by power of attorney, delegate the performance of10 ministerial duties and acts that he could not reasonably be required to perform11 personally.12 (2) A written power of attorney in authentic form, executed by a trustee13 authorizing a mandatary to sell specifically described immovable property at a14 specific price shall be considered the delegation of the performance of a ministerial15 duty as provided by Paragraph (1) of this Subsection.16 * * *17 HLS 14RS-1190 REENGROSSED HB NO. 620 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Abramson HB No. 620 Abstract: Provides that a written power of attorney in authentic form executed by a trustee authorizing a mandatary to sell specifically described immovable property at a specific price shall be considered the delegation of a ministerial duty. Present law provides that a trustee shall not delegate the performance of his duties except as provided by present law. Present law provides that a trustee may, by power of attorney, delegate the performance of ministerial duties and acts that he could not reasonably be required to perform personally, and further authorizes the delegation of his duties for certain acts such as the selection of specific investments and asset management functions under certain circumstances. Present law provides that the trustee has the duty to exercise reasonable care, skill, and caution in selecting the agent and establishing the scope and terms of the delegation, to review the actions of the agent, and, in the event of a breach of the agent's duties, to take such action to remedy the breach. Present law provides that an agent owes a duty to the trustee and to the beneficiaries to exercise reasonable care and skill. Proposed law retains present law, and provides that a written power of attorney in authentic form executed by a trustee authorizing a mandatary to sell specifically described immovable property at a specific price shall be considered the delegation of a ministerial duty. (Amends R.S. 9:2087(B)) Summary of Amendments Adopted by House Committee Amendments Proposed by House Committee on Civil Law and Procedure to the original bill. 1. Made technical amendment changing "mandatory" to "mandatary". House Floor Amendments to the engrossed bill. 1. Made technical correction to citation.