Disenrollee Suit to Recover Children’s Trust Funds

Here is the complaint in Rash v. Jeff Davis Bancshares Inc. (W.D. La.):

Complaint

An excerpt:

Defendant, Jeff Davis Bancshares, Inc., d/b/a under the tradename Jeff Davis Bank and Trust Company (“Jeff Davis Bank”) accepted in 2000 and 2001 the trusteeship over substantial funds placed in trust by the Coushatta Tribe of Louisiana (the “Coushatta Tribe”) for the benefit of certain minor children, to be held in trust until such then-minor beneficiaries attained the age of twenty-one (21) years. Each trust is an irrevocable trust with the Coushatta Tribe as Settlor and one child, who was a minor at the time the trust was established, as the sole income and principal beneficiary (the “Beneficiary”) of said trust, which trust bears the name of said Beneficiary (each a “Children’s Trust” and collectively the “Children’s Trusts”). At the time each Children’s Trust was established and Jeff Davis Bank accepted the trusteeship, the minor child Beneficiaries were legally members of the Coushatta Tribe,