§ 1560 It is the intent of the Legislature that the provisions of this …
§ 1561 For purposes of Section 1562, the following terms have the following …
§ 1562 (a) Sections 9.4 to 9.6, inclusive, Sections 9.8 to 9.15, …

Terms Used In California Codes > Financial Code > Division 1.1 > Chapter 16 > Article 2 - Fiduciary Activities

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • department: means State Department of Health Services. See California Health and Safety Code 20
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
  • Probate: Proving a will
  • Trustee: A person or institution holding and administering property in trust.