The trustee has the power to acquire or dispose of property, for cash or on credit, at public or private sale, or by exchange.
Cal. Prob. Code § 16226
Specific Powers of Trustees
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Applied in 1 court decision — leading case Otay Land Co. v. U.E. Ltd., L.P. (2017)
Most recently applied in Otay Land Co. v. U.E. Ltd., L.P. (September 2017)
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.