Cal. Probate Code § 16224
Cal. Probate Code § 16224
California · California Probate Code · Status: effective
Cite this
- Citation
- Cal. Probate Code § 16224, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/895538
- Permanent ID
ys:prov:895538@1- SHA-256
92fb61bc4dfae556a53baa6c34f6b2d87e1ac82e5f96fbd9f38f14455bd499cf
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) In the absence of an express provision to the contrary in a trust instrument, where the instrument directs or permits investment in obligations of the United States government, the trustee has the power to invest in those obligations directly or in the form of an interest in a money market mutual fund registered under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1 et seq.) or an investment vehicle authorized for the collective investment of trust funds pursuant to Section 9.18 of Part 9 of Title 12 of the Code of Federal Regulations, the portfolios of which are limited to United States government obligations maturing not later than five years from the date of investment or reinvestment and to repurchase agreements fully collateralized by United States government obligations.
(b) This section applies only to trusts created on or after January 1, 1985.