California Probate Code

§ 16403

PROB § 16403Div. 9 · Part 4 · Ch. 4 · Art. 1

Statute text

(a)Except as provided in subdivision (b), a successor trustee is not liable to the beneficiary for a breach of trust committed by a predecessor trustee.

(b)A successor trustee is liable to the beneficiary for breach of trust involving acts or omissions of a predecessor trustee in any of the following circumstances:

(1)Where the successor trustee knows or has information from which the successor trustee reasonably should have known of a situation constituting a breach of trust committed by the predecessor trustee and the successor trustee improperly permits it to continue.

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Legislative history

Enacted by Stats. 1990, Ch. 79.