The trustee has the power to hold a security in the name of a nominee or in other form without disclosure of the trust so that title to the security may pass by delivery.
Cal. Prob. Code § 16238
Specific Powers of Trustees
Known as the Trust Law
The act spans §§ 15000 to 19403 (351 sections).
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.