Cal. Probate Code § 16600
Cal. Probate Code § 16600
California · California Probate Code · Status: effective · Effective 2024-01-01
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- Citation
- Cal. Probate Code § 16600, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/895649
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Full text
(a) This chapter shall be known, and may be cited, as the California Uniform Directed Trust Act.
(b) The Legislature finds and declares all of the following:
(1) This chapter governs an arrangement commonly known as a directed trust.
(2) In a directed trust, the terms of the trust grant a person other than a trustee a power over some aspect of the trust’s administration.
(3) Under this chapter, this power is called a power of direction, the person that holds the power is called a trust director, a trustee that is subject to the power is called a directed trustee, and the trust is a directed trust.
(4) A directed trustee is required to take reasonable action to comply with a trust director’s exercise or nonexercise of a power of direction.
(5) Except for willful misconduct, a directed trustee is liable only for its own breach of trust in executing a direction and not for the trust director’s breach of trust in exercising or not exercising the power of direction.