ARTICLE 1. Trustee’s Duties in General [16000. - 16015.]
Article 1 enacted by Stats. 1990, Ch. 79.
§§ 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…