California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 9. TRUST LAW |
Part 4. TRUST ADMINISTRATION |
Chapter 1. Duties of Trustees |
ARTICLE 5. Duties of Trustees of Private Foundations, Charitable Trusts, and Split-Interest Trusts |
Section 16100.
Latest version.
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As used in this article, the following definitions shall control:
(a) "Charitable trust" means a charitable trust as described in Section 4947(a)(1) of the Internal Revenue Code.
(b) "Private foundation" means a private foundation as defined in Section 509 of the Internal Revenue Code.
(c) "Split-interest trust" means a split-interest trust as described in Section 4947(a)(2) of the Internal Revenue Code.
(Enacted by Stats. 1990, Ch. 79.)