Whenever a tenant’s right to income shall cease by death, or in any other manner, all payments theretofore actually paid to the tenant shall belong to the tenant or to his personal representative; all income actually received after such termination shall be paid to the person next entitled to income by the terms of the transaction by which the principal was established.
Cal. Civ. Code § 731.06
Legal Estates Principal and Income Law
Known as the Legal Estates Principal and Income Law
The act spans §§ 731 to 731.15 (16 sections).
Added by Stats. 1968, Ch. 193.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.