CHAPTER 6. California Uniform Directed Trust Act [16600. - 16632.]
Chapter 6 added by Stats. 2023, Ch. 721, Sec. 3.
§§ 16600–16632 · 18 sections
- § 16600 (a) This chapter shall be known, and may be cited, as the California Uniform Directed Trust Act. (b) The Legislature finds and declares all of the following:…
- § 16602 For purposes of this chapter, the following definitions shall apply: (a) “Breach of trust” includes a violation by a trust director or trustee of a duty…
- § 16604 (a) This chapter applies to a trust, whenever created, that has its principal place of administration in this state, subject to all of the following rules: (1)…
- § 16605 Notwithstanding any other law, the consent of the public administrator, public guardian, or public conservator is required before they may be appointed to act…
- § 16606 (a) This chapter does not apply to any of the following: (1) A power of appointment. (2) The power to appoint or remove a trustee or trust director. (3) The…
- § 16608 (a) Subject to Section 16610, the terms of a trust may grant a power of direction to a trust director. (b) Unless the terms of a trust provide otherwise, a…
- § 16610 A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of…
- § 16612 (a) Subject to subdivision (b), with respect to a power of direction or further power under subdivision (b) of Section 16608, both of the following apply: (1)…
- § 16614 (a) Subject to subdivision (b), a directed trustee shall take reasonable action to comply with a trust director’s exercise or nonexercise of a power of…
- § 16616 (a) Subject to Section 16618, a trustee shall provide information to a trust director to the extent the information is reasonably related both to the powers or…
- § 16618 (a) (1) Unless the terms of a trust provide otherwise, a trustee does not have a duty to do either of the following: (A) Monitor a trust director. (B) Inform…
- § 16620 The terms of a trust may relieve a cotrustee from duty and liability with respect to another cotrustee’s exercise or nonexercise of a power of the other…
- § 16622 (a) An action against a trust director for breach of trust shall be commenced within the same limitation period asin Section 16460 for an action for breach of…
- § 16624 In an action against a trust director for breach of trust, the director may assert the same defenses a trustee in a like position and under similar…
- § 16626 (a) By accepting appointment as a trust director of a trust subject to this chapter, the trust director submits to personal jurisdiction of the courts of this…
- § 16628 Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding all of the following matters: (a)…
- § 16630 In applying and construing this chapter, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among…
- § 16632 This chapter modifies, limits, or supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but does not…