“Mandatory income interest” means the right of an income beneficiary to receive net income that the trust requires the fiduciary to distribute.
Cal. Prob. Code § 16327
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.