2005 California Revenue and Taxation Code Sections 17671-17677 Article 3. Common Trust Funds

17671.  Section 584 of the Internal Revenue Code, relating to common
trust funds, shall  apply, except as otherwise provided.
17677.  Every trust company operating a common trust fund shall make
a return under penalties of perjury for each taxable year, stating
specifically with respect to such fund the items of gross income and
the deductions allowed by this article and shall include in the
return information sufficient to identify the trusts and estates
entitled to share in the taxable income of the common trust fund and
the amount of the proportionate share of each such participant.