California Statutes
§ 16002. — 16002. (Enacted by Stats. 1990, Ch. 79.)
California § 16002.
JurisdictionCalifornia
Code PROBProbate Code - PROB
Div. 9.DIVISION 9. TRUST LAW
Part 4.PART 4. TRUST ADMINISTRATION
Ch. 1.CHAPTER 1. Duties of Trustees
Art. 1.ARTICLE 1. Trustee’s Duties in General
This text of California § 16002. (16002. (Enacted by Stats. 1990, Ch. 79.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Probate Code - PROB Code § 16002. (2026).
Text
(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 (a) for a trustee who administers two trusts to sell, exchange, or participate in the sale or exchange of trust property between the trusts, if both of the following requirements are met:
(1)The sale or exchange is fair and reasonable with respect to the beneficiaries of both trusts.
(2)The trustee gives to the beneficiaries of both trusts notice of all material facts related to the sale or exchange that the trustee knows or should know.
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Related
Orange Catholic Found. v. Arvizu
239 Cal. Rptr. 3d 60 (California Court of Appeals, 5th District, 2018)
Orange Catholic Foundation v. Arvizu
(California Court of Appeal, 2018)
Legislative History
Enacted by Stats. 1990, Ch. 79.
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