California Probate Code

§ 16330

PROB § 16330 Effective Jan 1, 2024Div. 9 · Part 4 · Ch. 3 · Art. 3

Statute text

The following definitions apply for purposes of this article:

(a)“Applicable value” means the amount of the net fair market value of a trust taken into account under Section 16336.

(b)“Express unitrust” means a trust for which, under the terms of the trust without regard to this article, income or net income shall or may be calculated as a unitrust amount.

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Legislative history

Added by Stats. 2023, Ch. 28, Sec. 2. (SB 522) Effective January 1, 2024.