Prob. Code, § 16042 · Article 2. Trustee’s Standard of Care
Prob. Code, § 16042
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Notwithstanding the requirements of this article, Article 2.5 (commencing with Section 16045), and the terms of the trust, all trust funds that come within the custody of the public guardian who is appointed as trustee of the trust pursuant to Section 15660.5 may be deposited or invested in the same manner, and would be subject to the same terms and conditions, as a deposit or investment by the public administrator of funds in the estate of a decedent pursuant to Article 3 (commencing with Section 7640) of Chapter 4 of Part 1 of Division 7.
(b) Upon the deposit or investment of trust property pursuant to subdivision (a), the public guardian shall be deemed to have met the standard of care specified in this article and Article 2.5 (commencing with Section 16045) with respect to this trust property.
Notes and commentary — not statutory text
History
Added by Stats. 1997, Ch. 93, Sec. 4. Effective January 1, 1998.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=16042.
- Text hash
- sha256 7ef6ba628a26b04d365291282f0d829e0c72ec2e8009c59849488bce49a934cc
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Probate Code
- Prob. Code, div. 7, pt. 1, ch. 4, art. 3Deposit of Money of EstatePrinted as Article 3 (commencing with Section 7640) of Chapter 4 of Part 1 of Division 7
- Prob. Code, § 15660.5Printed as Section 15660.5
- Prob. Code, div. 9, pt. 4, ch. 1, art. 2.5Uniform Prudent Investor ActPrinted as Article 2.5 (commencing with Section 16045)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.