California Probate Code 18001 – A trustee is personally liable for obligations arising from ownership …
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A trustee is personally liable for obligations arising from ownership or control of trust property only if the trustee is personally at fault.
(Enacted by Stats. 1990, Ch. 79.)
Terms Used In California Probate Code 18001
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62
- Trust: includes the following:
California Probate Code 82
- Trustee: includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court. See California Probate Code 84
- Trustee: A person or institution holding and administering property in trust.