Statute · California Probate Code
Cal. Prob. Code § 16049 — Uniform Prudent Investor Act
Cal. Prob. Code § 16049
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Date
- 1996-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms,…
Citator
Cal. Prob. Code § 16049 — Uniform Prudent Investor Act is in force in the current edition of the Code, and nothing recorded condemns it.
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.