California Probate Code

§ 16102

PROB § 16102Div. 9 · Part 4 · Ch. 1 · Art. 5

Statute text

During any period when a trust is deemed to be a charitable trust, a private foundation, or a split-interest trust, the trustee shall not do any of the following:

(a)Engage in any act of self-dealing as defined in Section 4941(d) of the Internal Revenue Code.

(b)Retain any excess business holdings as defined in Section 4943(c) of the Internal Revenue Code.

…

Legislative history

Enacted by Stats. 1990, Ch. 79.