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California Probate Code

§ 4231

PROB § 4231 Effective Jan 1, 2011Div. 4.5 · Part 2 · Ch. 4 · Art. 2

Statute text

View on leginfo.ca.gov
(a)Except as provided in subdivision (b), in dealing with property of the principal, an attorney-in-fact shall observe the standard of care that would be observed by a prudent person dealing with property of another and is not limited by any other statute restricting investments by fiduciaries.
(b)An attorney-in-fact who has special skills or expertise or was designated as an attorney-in-fact on the basis of representations of special skills or expertise shall observe the standard of care that would be observed by others with similar skills or expertise.

Legislative history

Amended by Stats. 2010, Ch. 48, Sec. 1. (SB 1038) Effective January 1, 2011.

Source: California Probate Code § 4231 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.