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 16242.
Latest version.
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The trustee has the power to do any of the following:
(a) Pay or contest any claim.
(b) Settle a claim by or against the trust by compromise, arbitration, or otherwise.
(c) Release, in whole or in part, any claim belonging to the trust.
(Enacted by Stats. 1990, Ch. 79.)