Prob. Code, § 19504 · Part 9. Uniform Trust Decanting Act
Prob. Code, § 19504
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) In exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.
(b) This part does not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of this part.
(c) Except as otherwise provided in a first trust instrument, for purposes of this part, the terms of the first trust are deemed to include the decanting power.
Notes and commentary — not statutory text
History
Added by Stats. 2018, Ch. 407, Sec. 1. (SB 909) Effective January 1, 2019.
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=19504.
- Text hash
- sha256 cff9bfd57f4d33028c4e991005803f18066b16092d7611545be5c459482a15e1
- 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
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.