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2017 California Code
Probate Code - PROB
DIVISION 9 - TRUST LAW
PART 4 - TRUST ADMINISTRATION
CHAPTER 2 - Powers of Trustees
ARTICLE 2 - Specific Powers of Trustees
Section 16239.
Universal Citation: CA Prob Code § 16239 (2017)
16239.
The trustee has the power to deposit securities in a securities depository, as defined in Section 30004 of the Financial Code, which is licensed under Section 30200 of the Financial Code or is exempt from licensing by Section 30005 or 30006 of the Financial Code. The securities may be held by the securities depository in the manner authorized by Section 775 of the Financial Code.
(Enacted by Stats. 1990, Ch. 79.)
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