California Probate Code 16014 – (a) The trustee has a duty to apply the full extent of the …
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(a) The trustee has a duty to apply the full extent of the trustee‘s skills.
(b) If the settlor, in selecting the trustee, has relied on the trustee’s representation of having special skills, the trustee is held to the standard of the skills represented.
Terms Used In California Probate Code 16014
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court. See California Probate Code 84
(Enacted by Stats. 1990, Ch. 79.)