{"code":"PROB","codeName":"Probate Code","section":"16049","citation":"Prob. Code, § 16049","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 2.5. Uniform Prudent Investor Act [16045. - 16054.]","url":"https://blackletter.si/probate-code/division-9/part-4/chapter-1/article-2.5"}],"history":"Added by Stats. 1995, Ch. 63, Sec. 6.   Effective January 1, 1996.","effective":"1996-01-01","html":"<p>Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.</p>","text":"Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.","otherVersions":[],"url":"https://blackletter.si/probate-code/uniform-prudent-investor-act-16049","source":"California Legislative Information bulk export (pubinfo)"}