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2019 California Code
Probate Code - PROB
DIVISION 9 - TRUST LAW
PART 4 - TRUST ADMINISTRATION
CHAPTER 1 - Duties of Trustees
ARTICLE 2.5 - Uniform Prudent Investor Act
Section 16050.
Universal Citation: CA Prob Code § 16050 (2019)
16050.
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, overall investment strategy, purposes, and other circumstances of the trust.
(Added by Stats. 1995, Ch. 63, Sec. 6. Effective January 1, 1996.)
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