California Probate Code 60.1 – (a) “Professional fiduciary” means a person who is a …
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(a) “Professional fiduciary” means a person who is a professional fiduciary as defined under subdivision (f) of § 6501 of the Business and Professions Code.
(b) On and after January 1, 2009, no person shall act or hold himself or herself out to the public as a professional fiduciary unless he or she is licensed as a professional fiduciary under Chapter 6 (commencing with Section 6500) of Division 3 of the Business and Professions Code.
Terms Used In California Probate Code 60.1
- Fiduciary: means personal representative, trustee, guardian, conservator, attorney-in-fact under a power of attorney, custodian under the California Uniform Transfer To Minors Act (Part 9 (commencing with Section 3900) of Division 4), or other legal representative subject to this code. See California Probate Code 39
- Fiduciary: A trustee, executor, or administrator.
- Person: means an individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership, limited liability company, association, or other entity. See California Probate Code 56
- Professional fiduciary: means a person who is a professional fiduciary as defined under subdivision (f) of §. See California Probate Code 60.1
(Amended by Stats. 2007, Ch. 354, Sec. 70. Effective January 1, 2008.)