California Probate Code

§ 16376

PROB § 16376 Effective Jan 1, 2024Div. 9 · Part 4 · Ch. 3 · Art. 7

Statute text

(a)A fiduciary shall allocate an income receipt or disbursement, other than a receipt to which subdivision (b) of Section 16370 applies, to principal if its due date occurs before the date on which either of the following occurs:

(1)For an estate, the decedent died.

(2)For a trust or successive interest, an income interest begins.

…

Legislative history

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