California Probate Code

§ 19519

PROB § 19519 Effective Jan 1, 2019Div. 9 · Part 9

Statute text

(a)For purposes of this section:

(1)“Grantor trust” means a trust as to which a settlor of a first trust is considered the owner under Sections 671 to 677, inclusive, or Section 679 of the Internal Revenue Code (26 U.S.C. Secs. 671 to 677, 679).

(2)“Nongrantor trust” means a trust that is not a grantor trust.

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Legislative history

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