Statute · California Probate Code
Cal. Prob. Code § 18003 — Liability of Trustee to Third Persons
Cal. Prob. Code § 18003
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A cotrustee who does not join in exercising a power held by three or more cotrustees is not liable to third persons for the consequences of the exercise of the power.
Citator
Cal. Prob. Code § 18003 — Liability of Trustee to Third Persons is in force in the current edition of the Code, and nothing recorded condemns it.
(a) A cotrustee who does not join in exercising a power held by three or more cotrustees is not liable to third persons for the consequences of the exercise of the power.
(b) A dissenting cotrustee who joins in an action at the direction of the majority cotrustees is not liable to third persons for the action if the dissenting cotrustee expresses the dissent in writing to any other cotrustee at or before the time the action is taken.
(c) This section does not excuse a cotrustee from liability for failure to discharge the cotrustee’s duties as a trustee.