Prob. Code, § 16062 · Article 3. Trustee’s Duty to Report Information and Account to Beneficiaries
Prob. Code, § 16062
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Except as otherwise provided in this section and in Section 16064, the trustee shall account at least annually, at the termination of the trust, and upon a change of trustee, to each beneficiary to whom income or principal is required or authorized in the trustee’s discretion to be currently distributed.
(b) A trustee of a living trust created by an instrument executed before July 1, 1987, is not subject to the duty to account provided by subdivision (a).
(c) A trustee of a trust created by a will executed before July 1, 1987, is not subject to the duty to account provided by subdivision (a), except that if the trust is removed from continuing court jurisdiction pursuant to Article 2 (commencing with Section 17350) of Chapter 4 of Part 5, the duty to account provided by subdivision (a) applies to the trustee.
(d) Except as provided in Section 16064, the duty of a trustee to account pursuant to former Section 1120.1a of the Probate Code (as repealed by Chapter 820 of the Statutes of 1986), under a trust created by a will executed before July 1, 1977, which has been removed from continuing court jurisdiction pursuant to former Section 1120.1a, continues to apply after July 1, 1987. The duty to account under former Section 1120.1a may be satisfied by furnishing an account that satisfies the requirements of Section 16063.
(e) Any limitation or waiver in a trust instrument of the obligation to account is against public policy and shall be void as to any sole trustee who is either of the following:
(1) A disqualified person as defined in former Section 21350.5 (as repealed by Chapter 620 of the Statutes of 2010).
(2) Described in subdivision (a) of Section 21380, but not described in Section 21382.
Notes and commentary — not statutory text
History
Amended by Stats. 2016, Ch. 86, Sec. 250. (SB 1171) Effective January 1, 2017.
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=16062.
- Text hash
- sha256 3931d86505888358106eae1087fb4d4106a629569861d2cb833eead907a2ca53
- 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, § 16063Printed as Section 16063
- Prob. Code, § 16064Printed as Section 16064
- Prob. Code, div. 9, pt. 5, ch. 4, art. 2Removal of Trusts From Continuing Court JurisdictionPrinted as Article 2 (commencing with Section 17350) of Chapter 4 of Part 5
- Prob. Code, § 21380Printed as Section 21380
- Prob. Code, § 21382Printed as Section 21382
Cited by 5 provisions
Provisions in this library whose text cites Prob. Code, § 16062. Each shows the citation as that text prints it.
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