California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 9. TRUST LAW |
Part 4. TRUST ADMINISTRATION |
Chapter 2. Powers of Trustees |
ARTICLE 2. Specific Powers of Trustees |
Section 16232.
Latest version.
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The trustee has the power to enter into a lease or arrangement for exploration and removal of gas, oil, or other minerals or geothermal energy, and to enter into a community oil lease or a pooling or unitization agreement, and for a term within or extending beyond the term of the trust.
(Enacted by Stats. 1990, Ch. 79.)