California Statutes
§ 16015. — 16015. (Enacted by Stats. 1990, Ch. 79.)
California § 16015.
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 § 16015. (16015. (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 § 16015. (2026).
Text
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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Related
Lindie Banks v. Northern Trust Corporation
(Ninth Circuit, 2021)
Legislative History
Enacted by Stats. 1990, Ch. 79.
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Bluebook (online)
California § 16015., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PROB/16015..