California Probate Code

§ 16375

PROB § 16375 Effective Jan 1, 2024Div. 9 · Part 4 · Ch. 3 · Art. 7

Statute text

(a)An income beneficiary is entitled to net income in accordance with the terms of the trust from the date an income interest begins. The income interest begins on the date specified in the terms of the trust or, if no date is specified, on the date an asset becomes subject to either of the following:

(1)The trust for the current income beneficiary.

(2)A successive interest for a successor beneficiary.

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Legislative history

Repealed and added by Stats. 2023, Ch. 28, Sec. 2.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