California Statutes
§ 16049. — 16049. (Added by Stats. 1995, Ch. 63, Sec. 6.)
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. 2.5. ARTICLE 2.5. Uniform Prudent Investor Act
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.
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California § 16049. (16049. (Added by Stats. 1995, Ch. 63, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1995, Ch. 63, Sec. 6. Effective January 1, 1996.