California Statutes
§ 16046. — 16046. (Added by Stats. 1995, Ch. 63, Sec. 6.)
California § 16046.
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. 2.5.ARTICLE 2.5. Uniform Prudent Investor Act
This text of California § 16046. (16046. (Added by Stats. 1995, Ch. 63, Sec. 6.)) 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 § 16046. (2026).
Text
(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 prudent investor rule.
(b)The settlor may expand or restrict the prudent investor rule by express provisions in the trust instrument. A trustee is not liable to a beneficiary for the trustee’s good faith reliance on these express provisions.
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Legislative History
Added by Stats. 1995, Ch. 63, Sec. 6. Effective January 1, 1996.
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California § 16046., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PROB/16046..