California Probate Code 19054 – Notwithstanding Section 19050, the trustee need not give notice to a …
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Notwithstanding Section 19050, the trustee need not give notice to a creditor even though the trustee has knowledge of the creditor if either of the following conditions is satisfied:
(a) The creditor has filed a claim as provided in this part.
Terms Used In California Probate Code 19054
- Claim: means a demand for payment for any of the following, whether due, not due, accrued or not accrued, or contingent, and whether liquidated or unliquidated:
California Probate Code 19000
- Creditor: means a person who may have a claim against the trust property. See California Probate Code 19000
- 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.
(b) The creditor has demanded payment and the trustee elects to treat the demand as a claim under Section 19154.
(Amended by Stats. 2003, Ch. 32, Sec. 14. Effective January 1, 2004.)