California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 9. TRUST LAW |
Part 4. TRUST ADMINISTRATION |
Chapter 1. Duties of Trustees |
ARTICLE 2.5. Uniform Prudent Investor Act |
Section 16050.
Latest version.
-
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, overall investment strategy, purposes, and other circumstances of the trust.
(Added by Stats. 1995, Ch. 63, Sec. 6. Effective January 1, 1996.)