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 16244.
Latest version.
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The trustee has the following powers:
(a) To make loans out of trust property to the beneficiary on terms and conditions that the trustee determines are fair and reasonable under the circumstances.
(b) To guarantee loans to the beneficiary by encumbrances on trust property.
(Enacted by Stats. 1990, Ch. 79.)