California Statutes
§ 19503. — 19503. (Added by Stats. 2018, Ch. 407, Sec. 1.)
California·Code PROB Probate Code - PROB·Div. 9. DIVISION 9. TRUST LAW·Part 9. PART 9. Uniform Trust Decanting Act
(a)Except as otherwise provided in subdivisions (b) and (c), this part applies to an express trust that is irrevocable or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest.
(b)This part does not apply to a trust held solely for charitable purposes.
(c)Subject to Section 19515, a trust instrument may restrict or prohibit exercise of the decanting power.
(d)This part does not limit the power of a trustee, powerholder, or other person to distribute or appoint property in further trust or to modify a trust under the trust instrument, law of this state other than
this part, common law, a court order, or a nonjudicial settlement agreement.
(e)This part does not affect the ability of a settlor to provide in a trust instrument for the
Free access — add to your briefcase to read the full text and ask questions with AI
California § 19503. (19503. (Added by Stats. 2018, Ch. 407, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2018, Ch. 407, Sec. 1. (SB 909) Effective January 1, 2019.