California Probate Code

§ 16237

PROB § 16237Div. 9 · Part 4 · Ch. 2 · Art. 2

Statute text

The trustee has the power to consent, directly or through a committee or other agent, to the reorganization, consolidation, merger, dissolution, or liquidation of a corporation or other business enterprise, and to participate in voting trusts, pooling arrangements, and foreclosures, and in connection therewith, to deposit securities with and transfer title and delegate discretion to any protective or other committee as the trustee may deem advisable.

Legislative history

Enacted by Stats. 1990, Ch. 79.