The trustee has the power to do any of the following:
(a) Pay or contest any claim.
(b) Settle a claim by or against the trust by compromise, arbitration, or otherwise.
(c) Release, in whole or in part, any claim belonging to the trust.
Cal. Prob. Code § 16242
Specific Powers of Trustees
Known as the Trust Law
The act spans §§ 15000–19403 (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.