Statute · California Probate Code
Cal. Prob. Code § 16101 — Duties of Trustees of Private Foundations, Charitable Trusts, and Split-Interest Trusts
Cal. Prob. Code § 16101
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
During any period when a trust is deemed to be a charitable trust or a private foundation, the trustee shall distribute its income for each taxable year (and principal if necessary) at a time and in a manner that will not subject the property of the trust to tax under Section 4942 of the…
Citator
Cal. Prob. Code § 16101 — Duties of Trustees of Private Foundations, Charitable Trusts, and Split-Interest Trusts is in force in the current edition of the Code, and nothing recorded condemns it.
During any period when a trust is deemed to be a charitable trust or a private foundation, the trustee shall distribute its income for each taxable year (and principal if necessary) at a time and in a manner that will not subject the property of the trust to tax under Section 4942 of the Internal Revenue Code.