California Probate Code

§ 16225

PROB § 16225Div. 9 · Part 4 · Ch. 2 · Art. 2

Statute text

(a)The trustee has the power to deposit trust funds at reasonable interest in any of the following accounts:

(1)An insured account in a financial institution.

(2)To the extent that the account is collateralized, an account in a bank, an account in an insured savings and loan association, or an account in an insured credit union.

…

Legislative history

Enacted by Stats. 1990, Ch. 79.