PART 4. TRUST ADMINISTRATION [16000. - 16632.]
Part 4 enacted by Stats. 1990, Ch. 79.
§§ 16000–16632 · 172 sections
CHAPTER 1. Duties of Trustees §§ 16000–16110 · 52 sections
ARTICLE 1. Trustee’s Duties in General §§ 16000–16015 · 16 sections
- § 16000 On acceptance of the trust, the trustee has a duty to administer the trust according to the trust instrument and, except to the extent the trust instrument…
- § 16001 (a) Except as provided in subdivision (b), the trustee of a revocable trust shall follow any written direction acceptable to the trustee given from time to…
- § 16002 (a) The trustee has a duty to administer the trust solely in the interest of the beneficiaries. (b) It is not a violation of the duty provided in subdivision…
- § 16003 If a trust has two or more beneficiaries, the trustee has a duty to deal impartially with them and shall act impartially in investing and managing the trust…
- § 16004 (a) The trustee has a duty not to use or deal with trust property for the trustee’s own profit or for any other purpose unconnected with the trust, nor to take…
- § 16004.5 (a) A trustee may not require a beneficiary to relieve the trustee of liability as a condition for making a distribution or payment to, or for the benefit of,…
- § 16005 The trustee of one trust has a duty not to knowingly become a trustee of another trust adverse in its nature to the interest of the beneficiary of the first…
- § 16006 The trustee has a duty to take reasonable steps under the circumstances to take and keep control of and to preserve the trust property.
- § 16007 The trustee has a duty to make the trust property productive under the circumstances and in furtherance of the purposes of the trust.
- § 16009 The trustee has a duty to do the following: (a) To keep the trust property separate from other property not subject to the trust. (b) To see that the trust…
- § 16010 The trustee has a duty to take reasonable steps to enforce claims that are part of the trust property.
- § 16011 The trustee has a duty to take reasonable steps to defend actions that may result in a loss to the trust.
- § 16012 (a) The trustee has a duty not to delegate to others the performance of acts that the trustee can reasonably be required personally to perform and may not…
- § 16013 If a trust has more than one trustee, each trustee has a duty to do the following: (a) To participate in the administration of the trust. (b) To take…
- § 16014 (a) The trustee has a duty to apply the full extent of the trustee’s skills. (b) If the settlor, in selecting the trustee, has relied on the trustee’s…
- § 16015 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…
ARTICLE 2. Trustee’s Standard of Care §§ 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…
ARTICLE 2.5. Uniform Prudent Investor Act §§ 16045–16054 · 10 sections
- § 16045 This article, together with subdivision (a) of Section 16002 and Section 16003, constitutes the prudent investor rule and may be cited as the Uniform Prudent…
- § 16046 (a) Except as provided in subdivision (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the…
- § 16047 (a) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other…
- § 16048 In making and implementing investment decisions, the trustee has a duty to diversify the investments of the trust unless, under the circumstances, it is…
- § 16049 Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions…
- § 16050 In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, overall investment…
- § 16051 Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee’s decision or action and not…
- § 16052 (a) A trustee may delegate investment and management functions as prudent under the circumstances. The trustee shall exercise prudence in the following: (1)…
- § 16053 The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted…
- § 16054 This article applies to trusts existing on and created after its effective date. As applied to trusts existing on its effective date, this article governs only…
ARTICLE 3. Trustee’s Duty to Report Information and Account to Beneficiaries §§ 16060–16069 · 13 sections
- § 16060 The trustee has a duty to keep the beneficiaries of the trust reasonably informed of the trust and its administration.
- § 16060.5 As used in this article, “terms of the trust” means the written trust instrument of an irrevocable trust or those provisions of a written trust instrument in…
- § 16060.7 On the request of a beneficiary, the trustee shall provide the terms of the trust to the beneficiary unless the trustee is not required to provide the terms of…
- § 16061 Except as provided in Section 16069, on reasonable request by a beneficiary, the trustee shall report to the beneficiary by providing requested information to…
- § 16061.5 (a) A trustee shall provide a true and complete copy of the terms of the irrevocable trust, or irrevocable portion of the trust, to each of the following: (1)…
- § 16061.7 (a) A trustee shall serve a notification by the trustee as described in this section in the following events: (1) When a revocable trust or any portion thereof…
- § 16061.8 A person upon whom the notification by the trustee is served pursuant to paragraph (1) of subdivision (a) of Section 16061.7, whether the notice is served on…
- § 16061.9 (a) A trustee who fails to serve the notification by trustee as required by Section 16061.7 on a beneficiary shall be responsible for all damages, attorney’s…
- § 16062 (a) Except as otherwise provided in this section and in Section 16064, the trustee shall account at least annually, at the termination of the trust, and upon a…
- § 16063 (a) An account furnished pursuant to Section 16062 shall contain the following information: (1) A statement of receipts and disbursements of principal and…
- § 16064 The trustee is not required to account to a beneficiary as described in subdivision (a) of Section 16062, in any of the following circumstances: (a) To the…
- § 16068 Any waiver by a settlor of the obligation of the trustee of either of the following is against public policy and shall be void: (a) To provide the terms of the…
- § 16069 (a) The trustee is not required to account to the beneficiary, provide the terms of the trust to a beneficiary, or provide requested information to the…
ARTICLE 4. Duties With Regard to Discretionary Powers §§ 16080–16082 · 3 sections
- § 16080 Except as provided in Section 16081, a discretionary power conferred upon a trustee is not left to the trustee’s arbitrary discretion, but shall be exercised…
- § 16081 (a) Subject to the additional requirements of subdivisions (b), (c), and (d), if a trust instrument confers “absolute,” “sole,” or “uncontrolled” discretion on…
- § 16082 Except as otherwise specifically provided in the trust instrument, a person who holds a power to appoint or distribute income or principal to or for the…
ARTICLE 5. Duties of Trustees of Private Foundations, Charitable Trusts, and Split-Interest Trusts §§ 16100–16105 · 6 sections
- § 16100 As used in this article, the following definitions shall control: (a) “Charitable trust” means a charitable trust as described in Section 4947(a)(1) of the…
- § 16101 During any period when a trust is deemed to be a charitable trust or a private foundation, the trustee shall distribute its income for each taxable year (and…
- § 16102 During any period when a trust is deemed to be a charitable trust, a private foundation, or a split-interest trust, the trustee shall not do any of the…
- § 16103 With respect to split-interest trusts: (a) Subdivisions (b) and (c) of Section 16102 do not apply to any trust described in Section 4947(b)(3) of the Internal…
- § 16104 The provisions of Sections 16101, 16102, and 16103 shall be deemed to be contained in the instrument creating every trust to which this article applies. Any…
- § 16105 (a) A proceeding contemplated by Section 101(l)(3) of the federal Tax Reform Act of 1969 (Public Law 91-172) may be commenced pursuant to Section 17200 by the…
ARTICLE 6. Notice to the Attorney General of Disposal of Charitable Assets § 16110 · 1 section
- § 16110 (a) On and after January 1, 2025, or upon the regulations provided for in subdivision (b) taking effect, whichever occurs first, a trustee holding assets…
CHAPTER 2. Powers of Trustees §§ 16200–16249 · 33 sections
ARTICLE 1. General Provisions §§ 16200–16203 · 4 sections
- § 16200 A trustee has the following powers without the need to obtain court authorization: (a) The powers conferred by the trust instrument. (b) Except as limited in…
- § 16201 This chapter does not affect the power of a court to relieve a trustee from restrictions on the exercise of powers under the trust instrument.
- § 16202 The grant of a power to a trustee, whether by the trust instrument, by statute, or by the court, does not in itself require or permit the exercise of the…
- § 16203 An instrument that incorporates the powers provided in former Section 1120.2 (repealed by Chapter 820 of the Statutes of 1986) shall be deemed to refer to the…
ARTICLE 2. Specific Powers of Trustees §§ 16220–16249 · 29 sections
- § 16220 The trustee has the power to collect, hold, and retain trust property received from a settlor or any other person until, in the judgment of the trustee,…
- § 16221 The trustee has the power to accept additions to the property of the trust from a settlor or any other person.
- § 16222 (a) Subject to subdivision (b), the trustee has the power to continue or participate in the operation of any business or other enterprise that is part of the…
- § 16224 (a) In the absence of an express provision to the contrary in a trust instrument, where the instrument directs or permits investment in obligations of the…
- § 16225 (a) The trustee has the power to deposit trust funds at reasonable interest in any of the following accounts: (1) An insured account in a financial…
- § 16226 The trustee has the power to acquire or dispose of property, for cash or on credit, at public or private sale, or by exchange.
- § 16227 The trustee has the power to manage, control, divide, develop, improve, exchange, partition, change the character of, or abandon trust property or any interest…
- § 16228 The trustee has the power to encumber, mortgage, or pledge trust property for a term within or extending beyond the term of the trust in connection with the…
- § 16229 The trustee has the power to do any of the following: (a) Make ordinary or extraordinary repairs, alterations, or improvements in buildings or other trust…
- § 16230 The trustee has the power to do any of the following: (a) Subdivide or develop land. (b) Dedicate land to public use. (c) Make or obtain the vacation of plats…
- § 16231 The trustee has the power to enter into a lease for any purpose as lessor or lessee with or without the option to purchase or renew and for a term within or…
- § 16232 The trustee has the power to enter into a lease or arrangement for exploration and removal of gas, oil, or other minerals or geothermal energy, and to enter…
- § 16233 The trustee has the power to grant an option involving disposition of trust property or to take an option for the acquisition of any property, and an option…
- § 16234 With respect to any shares of stock of a domestic or foreign corporation, any membership in a nonprofit corporation, or any other property, a trustee has the…
- § 16235 The trustee has the power to pay calls, assessments, and any other sums chargeable or accruing against or on account of securities.
- § 16236 The trustee has the power to sell or exercise stock subscription or conversion rights.
- § 16237 The trustee has the power to consent, directly or through a committee or other agent, to the reorganization, consolidation, merger, dissolution, or liquidation…
- § 16238 The trustee has the power to hold a security in the name of a nominee or in other form without disclosure of the trust so that title to the security may pass…
- § 16239 The trustee has the power to deposit securities in a securities depository, as defined in Section 30004 of the Financial Code, which is licensed under Section…
- § 16240 The trustee has the power to insure the property of the trust against damage or loss and to insure the trustee against liability with respect to third persons.
- § 16241 The trustee has the power to borrow money for any trust purpose to be repaid from trust property. The lender may include, but is not limited to, a bank holding…
- § 16242 The trustee has the power to do any of the following: (a) Pay or contest any claim. (b) Settle a claim by or against the trust by compromise, arbitration, or…
- § 16243 The trustee has the power to pay taxes, assessments, reasonable compensation of the trustee and of employees and agents of the trust, and other expenses…
- § 16244 The trustee has the following powers: (a) To make loans out of trust property to the beneficiary on terms and conditions that the trustee determines are fair…
- § 16245 The trustee has the power to pay any sum of principal or income distributable to a beneficiary, without regard to whether the beneficiary is under a legal…
- § 16246 The trustee has the power to effect distribution of property and money in divided or undivided interests and to adjust resulting differences in valuation. A…
- § 16247 The trustee has the power to hire persons, including accountants, attorneys, auditors, investment advisers, appraisers (including probate referees appointed…
- § 16248 The trustee has the power to execute and deliver all instruments which are needed to accomplish or facilitate the exercise of the powers vested in the trustee.
- § 16249 The trustee has the power to prosecute or defend actions, claims, or proceedings for the protection of trust property and of the trustee in the performance of…
CHAPTER 3. Uniform Fiduciary Income and Principal Act §§ 16320–16383 · 49 sections
ARTICLE 1. General Provisions and Definitions §§ 16320–16323 · 4 sections
- § 16320 This section shall be known, and may be cited, as the Uniform Fiduciary Income and Principal Act.
- § 16321 The following definitions apply for purposes of this chapter: (a) “Accounting period” means a calendar year, unless a fiduciary selects another period of 12…
- § 16322 Except as otherwise provided in the terms of a trust or this chapter, this chapter applies to the following: (a) A trust or an estate. (b) A life estate or…
- § 16323 Except as otherwise provided in the terms of a trust or this chapter, this chapter applies when this state is the principal place of administration of a trust…
ARTICLE 2. Fiduciary Duties and Judicial Review §§ 16325–16327 · 3 sections
- § 16325 (a) In making an allocation or determination or exercising discretion under this chapter, all of the following apply: (1) A fiduciary shall act in good faith,…
- § 16326 (a) For purposes of this section, “fiduciary decision” means any of the following: (1) A fiduciary’s allocation between income and principal or another…
- § 16327 (a) Except as otherwise provided in the terms of a trust or this section, a fiduciary, in a record, without court approval, may adjust between income and…
ARTICLE 3. Unitrust §§ 16330–16338 · 9 sections
- § 16330 The following definitions apply for purposes of this article: (a) “Applicable value” means the amount of the net fair market value of a trust taken into…
- § 16331 (a) Except as otherwise provided in subdivision (b), this article applies to both of the following: (1) An income trust, unless the terms of the trust…
- § 16332 (a) A fiduciary, without court approval, by complying with subdivisions (b) and (f), may do any of the following: (1) Convert an income trust to a unitrust if…
- § 16333 A notice required by paragraph (2) of subdivision (b) of Section 16332 shall be sent as required by Chapter 5 (commencing with Section 16500), including notice…
- § 16334 (a) In administering a unitrust under this article, a fiduciary shall follow a unitrust plan adopted under paragraph (1) or (2) of subdivision (a) of Section…
- § 16335 (a) A unitrust rate may not be less than 3 percent, or greater than 5 percent, unless the unitrust plan has been approved by court order. If the unitrust plan…
- § 16336 (a) A unitrust plan shall provide the method for determining the fair market value of an asset for the purpose of determining the unitrust amount, including…
- § 16337 (a) A unitrust plan shall provide the period used under Sections 16335 and 16336. Except as otherwise provided in paragraph (3) of subdivision (b) of Section…
- § 16338 (a) A unitrust plan may include any of the following: (1) Provide methods and standards for all of the following: (A) Determining the timing of distributions.…
ARTICLE 4. Allocation of Receipts §§ 16340–16355 · 16 sections
- § 16340 (a) The following definitions apply for purposes of this section: (1) “Capital distribution” means an entity distribution of money that is either of the…
- § 16341 A fiduciary shall allocate to income an amount received as a distribution of income, including a unitrust distribution under Article 3 (commencing with Section…
- § 16342 (a) This section applies to a business or other activity conducted by a fiduciary if the fiduciary determines that it is in the interests of the beneficiaries…
- § 16343 A fiduciary shall allocate to principal any of the following: (a) To the extent not allocated to income under this chapter, an asset received from any of the…
- § 16344 To the extent a fiduciary does not account for the management of rental property as a business under Section 16342, the fiduciary shall allocate to income an…
- § 16345 (a) This section does not apply to an obligation to which Section 16348, 16349, 16350, 16351, 16353, 16354, or 16355 applies. (b) A fiduciary shall allocate to…
- § 16346 (a) This section does not apply to a contract to which Section 16348 applies. (b) Except as otherwise provided in subdivision (c), a fiduciary shall allocate…
- § 16347 (a) If a fiduciary determines that an allocation between income and principal required by Section 16348, 16349, 16350, 16351, or 16354 is insubstantial, the…
- § 16348 (a) The following definitions apply for purposes of this section: (1) “Internal income of a separate fund” means the amount determined under subdivision (b).…
- § 16349 (a) For purposes of this section, “liquidating asset” means an asset whose value will diminish or terminate because the asset is expected to produce receipts…
- § 16350 (a) To the extent a fiduciary does not account for a receipt from an interest in minerals, water, or other natural resources as a business under Section 16432,…
- § 16351 (a) To the extent a fiduciary does not account for receipts from the sale of timber and related products as a business under Section 16342, the fiduciary shall…
- § 16352 (a) If a trust received property for which a gift or estate tax marital deduction was allowed and the settlor’s spouse holds a mandatory income interest in the…
- § 16353 (a) For purposes of this section, “derivative” means a contract, instrument, other arrangement, or combination of contracts, instruments, or other…
- § 16354 (a) Except as otherwise provided in subdivision (b), a fiduciary shall allocate to income a receipt from or related to an asset-backed security, to the extent…
- § 16355 A fiduciary shall allocate receipts from, or related to, a financial instrument or arrangement not otherwise addressed by this chapter. The allocation shall be…
ARTICLE 5. Allocation of Disbursements §§ 16360–16367 · 8 sections
- § 16360 Subject to Section 16363, and except as otherwise provided in paragraph (2) or (3) of subdivision (c) of Section 16370, a fiduciary shall disburse from income…
- § 16361 (a) Subject to Section 16364, and except as otherwise provided in paragraph (2) of subdivision (c) of Section 16370, a fiduciary shall disburse from principal…
- § 16362 (a) For purposes of this section, “depreciation” means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a tangible asset…
- § 16363 (a) If a fiduciary makes or expects to make an income disbursement described in subdivision (b), the fiduciary may transfer an appropriate amount from…
- § 16364 (a) If a fiduciary makes or expects to make a principal disbursement described in subdivision (b), the fiduciary may transfer an appropriate amount from income…
- § 16365 (a) A tax required to be paid by a fiduciary that is based on receipts allocated to income shall be paid from income. (b) A tax required to be paid by a…
- § 16366 (a) A fiduciary may make an adjustment between income and principal to offset the shifting of economic interests or tax benefits between current income…
- § 16367 Unless otherwise provided by the governing instrument, determined by the trustee, or ordered by the court, distributions to beneficiaries shall be considered…
ARTICLE 6. Death of Individual or Termination of Income Interest §§ 16370–16371 · 2 sections
- § 16370 (a) This section applies when either of the following occurs: (1) The death of an individual results in the creation of an estate or trust. (2) An income…
- § 16371 (a) Except to the extent that Article 3 (commencing with Section 16330) applies for a beneficiary that is a trust, each beneficiary described in subdivision…
ARTICLE 7. Apportionment at Beginning and End of Income Interest §§ 16375–16377 · 3 sections
- § 16375 (a) An income beneficiary is entitled to net income in accordance with the terms of the trust from the date an income interest begins. The income interest…
- § 16376 (a) A fiduciary shall allocate an income receipt or disbursement, other than a receipt to which subdivision (b) of Section 16370 applies, to principal if its…
- § 16377 (a) For purposes of this section, “undistributed income” means net income received on or before the date on which an income interest ends. “Undistributed…
ARTICLE 8. Miscellaneous Provisions §§ 16380–16383 · 4 sections
- § 16380 In applying and construing this uniform act, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among…
- § 16381 This chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act (15 U.S.C. Sec. 7001 et seq.), but does not modify,…
- § 16382 This chapter applies to a trust or estate existing or created on or after the effective date of this chapter, except as otherwise expressly provided in the…
- § 16383 If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or…
CHAPTER 4. Liability of Trustees to Beneficiaries §§ 16400–16465 · 15 sections
ARTICLE 1. Liability for Breach of Trust §§ 16400–16403 · 4 sections
- § 16400 A violation by the trustee of any duty that the trustee owes the beneficiary is a breach of trust.
- § 16401 (a) Except as provided in subdivision (b), the trustee is not liable to the beneficiary for the acts or omissions of an agent. (b) Under any of the…
- § 16402 (a) Except as provided in subdivision (b), a trustee is not liable to the beneficiary for a breach of trust committed by a cotrustee. (b) A trustee is liable…
- § 16403 (a) Except as provided in subdivision (b), a successor trustee is not liable to the beneficiary for a breach of trust committed by a predecessor trustee. (b) A…
ARTICLE 2. Remedies for Breach of Trust §§ 16420–16421 · 2 sections
ARTICLE 3. Measure of Liability for Breach of Trust §§ 16440–16442 · 3 sections
- § 16440 (a) If the trustee commits a breach of trust, the trustee is chargeable with any of the following that is appropriate under the circumstances: (1) Any loss or…
- § 16441 (a) If the trustee is liable for interest pursuant to Section 16440, the trustee is liable for the greater of the following amounts: (1) The amount of interest…
- § 16442 The provisions in this article for liability of a trustee for breach of trust do not prevent resort to any other remedy available under the statutory or common…
ARTICLE 4. Limitations and Exculpation §§ 16460–16465 · 6 sections
- § 16460 (a) Unless a claim is previously barred by adjudication, consent, limitation, or otherwise: (1) If a beneficiary has received an interim or final account in…
- § 16461 (a) Except as provided in subdivision (b), (c), or (d), the trustee can be relieved of liability for breach of trust by provisions in the trust instrument. (b)…
- § 16462 (a) Notwithstanding Section 16461, a trustee of a revocable trust is not liable to a beneficiary for any act performed or omitted pursuant to written…
- § 16463 (a) Except as provided in subdivisions (b) and (c), a beneficiary may not hold the trustee liable for an act or omission of the trustee as a breach of trust if…
- § 16464 (a) Except as provided in subdivision (b), a beneficiary may be precluded from holding the trustee liable for a breach of trust by the beneficiary’s release or…
- § 16465 (a) Except as provided in subdivision (b), if the trustee, in breach of trust, enters into a transaction that the beneficiary may at his or her option reject…
CHAPTER 5. Notice of Proposed Action by Trustee §§ 16500–16504 · 5 sections
- § 16500 Subject to subdivision (d) of Section 16501, a trustee may give a notice of proposed action regarding a matter governed by Chapter 2 (commencing with Section…
- § 16501 (a) The trustee who elects to provide notice pursuant to this chapter shall deliver notice pursuant to Section 1215 of the proposed action to each of the…
- § 16502 The notice of proposed action shall state that it is given pursuant to this section and shall include all of the following: (a) The name, mailing address, and…
- § 16503 (a) A beneficiary may object to the proposed action by delivering a written objection pursuant to Section 1215 to the trustee at the address stated in the…
- § 16504 This chapter does not require a trustee to use these procedures prior to taking any action.
CHAPTER 6. California Uniform Directed Trust Act §§ 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…