RS 1111 - Exclusion of certain interests in trust from classification as immovable property
Notwithstanding any other provision of law to the contrary, no interest in a trust which has five hundred or more beneficiaries or owners of beneficial interests shall be classified as immovable property in this state provided the trust owns an interest in, or is a beneficiary of, another trust which owns property classified in Louisiana as immovable.
Acts 1986, No. 251, §1.