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 16246.
Latest version.
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The trustee has the power to effect distribution of property and money in divided or undivided interests and to adjust resulting differences in valuation. A distribution in kind may be made pro rata or non pro rata, and may be made pursuant to any written agreement providing for a non pro rata division of the aggregate value of the community property assets or quasi-community property assets, or both.
(Amended by Stats. 1998, Ch. 682, Sec. 12. Effective January 1, 1999.)