Cal. Prob. Code § 16002

Trustee’s Duties in General

Known as the Trust Law

The act spans §§ 15000–19403 (351 sections).

Applied in 9 court decisions — leading case 1 Cal. App. 4th 1093 - Pierce v. Lyman (1991)

Most recently applied in Jpmorgan Chase Bank, N.A. v. Ward (March 2019)

Enacted by Stats. 1990, Ch. 79.

How often courts cite this section

citing decisions per year

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) The trustee has a duty to administer the trust solely in the interest of the beneficiaries.

(b) It is not a violation of the duty provided in subdivision (a) for a trustee who administers two trusts to sell, exchange, or participate in the sale or exchange of trust property between the trusts, if both of the following requirements are met:

(1) The sale or exchange is fair and reasonable with respect to the beneficiaries of both trusts.

(2) The trustee gives to the beneficiaries of both trusts notice of all material facts related to the sale or exchange that the trustee knows or should know.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.