A trustee may delegate investment and management functions as prudent under the circumstances. The trustee shall exercise prudence in the following: |
16052. (a) A trustee may delegate investment and management functions as prudent under the circumstances. The trustee shall exercise prudence in the following:. |
(c) This section does not apply to investment and management functions under Section 16052. (Amended by Stats. 1995, Ch. 63, Sec. 3. Effective January 1 ... |
Uniform Prudent Investor Act from CHAPTER 1, DIVISION 9 PART 4 of the California Probate Code (2023) |
▷ Duty to Prudently Delegate – CA probate Code 16052(a)(ii). ▷. ▷ Duty to Independently Monitor the Agent's Activities – CA Probate Code 16052(a)(iii). |
16052. (a) A trustee may delegate investment and management functions as prudent under the circumstances. The trustee shall exercise prudence in the following: ... |
A trustee must acquire control of the trust property, and take whatever action is required to preserve it. This may include prosecuting and defending claims. |
CALIFORNIA CODES. •••. CALIFORNIA PROBATE CODE Division 9 - TRUST LAW Part 4 - TRUST ADMINISTRATION ... Section 16052 - Delegation of functions · Section 16053 ... |
21 июн. 2016 г. · Under the Uniform Prudent Investor act, a Trustee has the power to delegate certain financial decisions (see Probate Code section 16052). |
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