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2022 California Code
Probate Code - PROB
DIVISION 9 - TRUST LAW
PART 4 - TRUST ADMINISTRATION
CHAPTER 1 - Duties of Trustees
ARTICLE 5 - Duties of Trustees of Private Foundations, Charitable Trusts, and Split-Interest Trusts
Section 16106.
Universal Citation: CA Prob Code § 16106 (2022)
16106. (a) On and after July 1, 2022, a trustee holding assets subject to a charitable trust shall give written notice to the Attorney General at least 20 days before the trustee sells, leases, conveys, exchanges, transfers, or otherwise disposes of all or substantially all of the charitable assets.
(b) On or after January 1, 2022, the Attorney General shall establish rules and regulations necessary to administer this section.
(Amended by Stats. 2022, Ch. 28, Sec. 128. (SB 1380) Effective January 1, 2023.)
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