Statute · California Probate Code
Cal. Prob. Code § 16241 — Specific Powers of Trustees
Cal. Prob. Code § 16241
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The trustee has the power to borrow money for any trust purpose to be repaid from trust property. The lender may include, but is not limited to, a bank holding company, affiliate, or subsidiary of the trustee.
Citator
Cal. Prob. Code § 16241 — Specific Powers of Trustees is in force in the current edition of the Code, and nothing recorded condemns it.
The trustee has the power to borrow money for any trust purpose to be repaid from trust property. The lender may include, but is not limited to, a bank holding company, affiliate, or subsidiary of the trustee.