Prob. Code, § 16102 · Article 5. Duties of Trustees of Private Foundations, Charitable Trusts, and Split-Interest Trusts
Prob. Code, § 16102
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
During any period when a trust is deemed to be a charitable trust, a private foundation, or a split-interest trust, the trustee shall not do any of the following:
(a) Engage in any act of self-dealing as defined in Section 4941(d) of the Internal Revenue Code.
(b) Retain any excess business holdings as defined in Section 4943(c) of the Internal Revenue Code.
(c) Make any investments in such manner as to subject the property of the trust to tax under Section 4944 of the Internal Revenue Code.
(d) Make any taxable expenditure as defined in Section 4945(d) of the Internal Revenue Code.
Notes and commentary — not statutory text
History
Enacted by Stats. 1990, Ch. 79.
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=16102.
- Text hash
- sha256 d9fe9a24d2a796592b01a5aa662b7bef1e6a8b041f4705d4aefdb831d50ab2b9
- 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
Cited by 2 provisions
Provisions in this library whose text cites Prob. Code, § 16102. Each shows the citation as that text prints it.
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