{"code":"PROB","codeName":"Probate Code","section":"16015","citation":"Prob. Code, § 16015","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 9. TRUST LAW [15000. - 19530.]","url":"https://blackletter.si/probate-code/division-9"},{"name":"PART 4. TRUST ADMINISTRATION [16000. - 16632.]","url":"https://blackletter.si/probate-code/division-9/part-4"},{"name":"CHAPTER 1. Duties of Trustees [16000. - 16110.]","url":"https://blackletter.si/probate-code/division-9/part-4/chapter-1"},{"name":"ARTICLE 1. Trustee’s Duties in General [16000. - 16015.]","url":"https://blackletter.si/probate-code/division-9/part-4/chapter-1/article-1"}],"history":"Enacted by Stats. 1990, Ch. 79.","effective":null,"html":"<p>The provision of services for compensation by a regulated financial institution or its affiliates in the ordinary course of business either to a trust of which it also acts as trustee or to a person dealing with the trust is not a violation of the duty provided in Section <a href=\"/prob/16002\">16002</a> or <a href=\"/prob/16004\">16004</a>. For the purposes of this section, “affiliate” means a corporation that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with another domestic or foreign corporation.</p>","text":"The provision of services for compensation by a regulated financial institution or its affiliates in the ordinary course of business either to a trust of which it also acts as trustee or to a person dealing with the trust is not a violation of the duty provided in Section 16002 or 16004. For the purposes of this section, “affiliate” means a corporation that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with another domestic or foreign corporation.","otherVersions":[],"url":"https://blackletter.si/probate-code/trustees-duties-in-general-16015","source":"California Legislative Information bulk export (pubinfo)"}