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2019 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 16237.
Universal Citation: CA Prob Code § 16237 (2019)
16237.
The trustee has the power to consent, directly or through a committee or other agent, to the reorganization, consolidation, merger, dissolution, or liquidation of a corporation or other business enterprise, and to participate in voting trusts, pooling arrangements, and foreclosures, and in connection therewith, to deposit securities with and transfer title and delegate discretion to any protective or other committee as the trustee may deem advisable.
(Enacted by Stats. 1990, Ch. 79.)
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