California Probate Code 82 – (a) “Trust” includes the following:(1) An express trust, …
(a) “Trust” includes the following:
(1) An express trust, private or charitable, with additions thereto, wherever and however created.
Terms Used In California Probate Code 82
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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
- State: includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States. See California Probate Code 74
- Trust: includes the following:
California Probate Code 82
(2) A trust created or determined by a judgment or decree under which the trust is to be administered in the manner of an express trust.
(b) “Trust” excludes the following:
(1) Constructive trusts, other than those described in paragraph (2) of subdivision (a), and resulting trusts.
(2) Guardianships and conservatorships.
(3) Personal representatives.
(4) Totten trust accounts.
(5) Custodial arrangements pursuant to the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act of any state.
(6) Business trusts that are taxed as partnerships or corporations.
(7) Investment trusts subject to regulation under the laws of this state or any other jurisdiction.
(8) Common trust funds.
(9) Voting trusts.
(10) Security arrangements.
(11) Transfers in trust for purpose of suit or enforcement of a claim or right.
(12) Liquidation trusts.
(13) Trusts for the primary purpose of paying debts, dividends, interest, salaries, wages, profits, pensions, or employee benefits of any kind.
(14) Any arrangement under which a person is nominee or escrowee for another.
(Enacted by Stats. 1990, Ch. 79.)