California Probate Code

§ 16331

PROB § 16331 Effective Jan 1, 2024Div. 9 · Part 4 · Ch. 3 · Art. 3

Statute text

(a)Except as otherwise provided in subdivision (b), this article applies to both of the following:

(1)An income trust, unless the terms of the trust expressly prohibit use of this article by a specific reference to this article or an explicit expression of intent that net income not be calculated as a unitrust amount.

(2)An express unitrust, except to the extent the terms of the trust explicitly do any of the following:

…

Legislative history

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