California Statutes
§ 16050. — 16050. (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
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, overall investment strategy, purposes, and other circumstances of the trust.
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California § 16050. (16050. (Added by Stats. 1995, Ch. 63, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Lindie Banks v. Northern Trust Corp.
929 F.3d 1046 (Ninth Circuit, 2019)
Legislative History
Added by Stats. 1995, Ch. 63, Sec. 6. Effective January 1, 1996.