Is Cal. Prob. Code § 19504 — Uniform Trust Decanting Act still in force?

Statute · California Probate Code

Cal. Prob. Code § 19504 — Uniform Trust Decanting Act

Cal. Prob. Code § 19504

Type: Statute
Source: California Probate Code
Jurisdiction: California
Date: 2019-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

(a) In exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.

Citator

Cal. Prob. Code § 19504 — Uniform Trust Decanting Act is in force in the current edition of the Code, and nothing recorded condemns it.

(a) In exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.

(b) This part does not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of this part.

(c) Except as otherwise provided in a first trust instrument, for purposes of this part, the terms of the first trust are deemed to include the decanting power.