Specific Powers of Trustees
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Enacted by Stats. 1990, Ch. 79.
The trustee has the following powers:
(a) To make loans out of trust property to the beneficiary on terms and conditions that the trustee determines are fair and reasonable under the circumstances.
(b) To guarantee loans to the beneficiary by encumbrances on trust property.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.