California § 19520. 19520. (Added by Stats. 2018, Ch. 407, Sec. 1.)

California Statutes

§ 19520. — 19520. (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)Subject to subdivision (b), a second trust may have a duration that is the same as, or different from, the duration of the first trust.

(b)To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any rules governing maximum perpetuity, accumulation, or suspension of the power of alienation that apply to property of the first trust.

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
Subject to subdivision (b), a second trust may have a duration that is the same as, or different from, the duration of the first trust.
(b)
To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any rules governing maximum perpetuity, accumulation, or suspension of the power of alienation that apply to property of the first trust.

California § 19520. (19520. (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.

View on official source ↗