California Probate Code

§ 19503

PROB § 19503 Effective Jan 1, 2019Div. 9 · Part 9

Statute text

(a)Except as otherwise provided in subdivisions (b) and (c), this part applies to an express trust that is irrevocable or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest.

(b)This part does not apply to a trust held solely for charitable purposes.

(c)Subject to Section 19515, a trust instrument may restrict or prohibit exercise of the decanting power.

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Legislative history

Added by Stats. 2018, Ch. 407, Sec. 1. (SB 909) Effective January 1, 2019.