§264.6. Cofiduciary liability A. Any fiduciary who participates in a breach committed by a cofiduciary, or who tries to conceal a cofiduciary's breach, shall be held liable jointly for breach of fiduciary duty. Cofiduciary liability also results from a fiduciary's failure to use reasonable care to prevent a cofiduciary from committing a breach. B. Any fiduciary who has knowledge of a cofiduciary's breach has a duty to remedy the breach. Acts 1992, No. 1046, §1, eff. July 1, 1993.
Cofiduciary liability
La. Rev. Stat. § 11:264.6, under Consolidated Public Retirement.
La. Rev. Stat. § 11:264.6