Compensation and Indemnification of Trustees
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Applied in 9 court decisions — leading case 22 Cal. 4th 201 - Wells Fargo Bank, N.A. v. Superior Court of L.A. Cty. (2000)
Most recently applied in City of Oakland Ex Rel. Board of Port Commissioners v. Federal Maritime Commission (July 2013)
Enacted by Stats. 1990, Ch. 79.
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
A trustee is entitled to the repayment out of the trust property for the following:
(a) Expenditures that were properly incurred in the administration of the trust.
(b) To the extent that they benefited the trust, expenditures that were not properly incurred in the administration of the trust.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.