If an express trust relating to real property is not contained or declared in the grant to the trustee, or in an instrument signed by the trustee and recorded in the same office with the grant to the trustee, the grant shall be deemed absolute in favor of a person dealing with the trustee in good faith and for a valuable consideration.
Cal. Prob. Code § 18103
Protection of Third Persons
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Applied in 1 court decision — leading case Siegel v. Boston (In Re Sale Guaranty Corp.) (1998)
Most recently applied in Siegel v. Boston (In Re Sale Guaranty Corp.) (April 1998)
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.