California Government Code

§ 5108

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

GOV § 5108Div. 6 · Title 1 · Ch. 2

Statute text

View on leginfo.ca.gov

If the guarantors function in the capacity of trustee or if the custody of the bonds is in the possession of a trustee, and administered by the trustee, he shall be required to distribute interest and principal, in the proportion that each is received by him, to the beneficiaries under the trust.

Legislative history

Enacted by Stats. 1943, Ch. 134.