A fiduciary shall allocate receipts from, or related to, a financial instrument or arrangement not otherwise addressed by this chapter. The allocation shall be consistent with the principles of Sections 16353 and 16354.
Cal. Prob. Code § 16355
Allocation of Receipts
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Repealed and added by Stats. 2023, Ch. 28, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.