“Income interest” means the right of an income beneficiary to receive all or part of net income, whether the trust requires it to be distributed or authorizes it to be distributed in the trustee’s discretion.
Cal. Prob. Code § 16326
Short Title and Definitions
Showing this section's text as in effect on January 1, 2011 (in force January 1, 2011 – January 1, 2023). View current text →
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.