ARTICLE 2. Trustee’s Standard of Care [16040. - 16042.]

Article 2 enacted by Stats. 1990, Ch. 79.

§§ 16040–16042 · 3 sections

• § 16040 (a) The trustee shall administer the trust with reasonable care, skill, and caution under the circumstances then prevailing that a prudent person acting in a…
• § 16041 A trustee’s standard of care and performance in administering the trust is not affected by whether or not the trustee receives any compensation.
• § 16042 (a) Notwithstanding the requirements of this article, Article 2.5 (commencing with Section 16045), and the terms of the trust, all trust funds that come within…