California Statutes
§ 16015. — 16015. (Enacted by Stats. 1990, Ch. 79.)
California·Code PROB Probate 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
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 it also acts as trustee or to a person dealing with the trust is not a violation of the duty provided in Section 16002 or 16004. For the purposes of this section, “affiliate” means a corporation that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with another domestic or foreign corporation.
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California § 16015. (16015. (Enacted by Stats. 1990, Ch. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Lindie Banks v. Northern Trust Corporation
(Ninth Circuit, 2021)
Legislative History
Enacted by Stats. 1990, Ch. 79.