California Probate Code ARTICLE 2 - Specific Powers of Trustees

• Section 16220.
  The trustee has the power to collect, hold, and retain trust property received from a settlor or any other person until, in the judgment of...
• Section 16221.
  The trustee has the power to accept additions to the property of the trust from a settlor or any other person.(Enacted by Stats. 1990, Ch.
• Section 16222.
  (a) Subject to subdivision (b), the trustee has the power to continue or participate in the operation of any business or other enterprise that is part...
• Section 16224.
  (a) In the absence of an express provision to the contrary in a trust instrument, where the instrument directs or permits investment in obligations of the...
• Section 16225.
  (a) The trustee has the power to deposit trust funds at reasonable interest in any of the following accounts:(1) An insured account in a financial institution.(2) To the...
• Section 16226.
  The trustee has the power to acquire or dispose of property, for cash or on credit, at public or private sale, or by exchange.(Enacted by...
• Section 16227.
  The trustee has the power to manage, control, divide, develop, improve, exchange, partition, change the character of, or abandon trust property or any interest therein.(Enacted...
• Section 16228.
  The trustee has the power to encumber, mortgage, or pledge trust property for a term within or extending beyond the term of the trust in...
• Section 16229.
  The trustee has the power to do any of the following:(a) Make ordinary or extraordinary repairs, alterations, or improvements in buildings or other trust property.(b) Demolish any...
• Section 16230.
  The trustee has the power to do any of the following:(a) Subdivide or develop land.(b) Dedicate land to public use.(c) Make or obtain the vacation of plats and...
• Section 16231.
  The trustee has the power to enter into a lease for any purpose as lessor or lessee with or without the option to purchase or...
• Section 16232.
  The trustee has the power to enter into a lease or arrangement for exploration and removal of gas, oil, or other minerals or geothermal energy,...
• Section 16233.
  The trustee has the power to grant an option involving disposition of trust property or to take an option for the acquisition of any property,...
• Section 16234.
  With respect to any shares of stock of a domestic or foreign corporation, any membership in a nonprofit corporation, or any other property, a trustee...
• Section 16235.
  The trustee has the power to pay calls, assessments, and any other sums chargeable or accruing against or on account of securities.(Enacted by Stats. 1990,...
• Section 16236.
  The trustee has the power to sell or exercise stock subscription or conversion rights.(Enacted by Stats. 1990, Ch. 79.)
• Section 16237.
  The trustee has the power to consent, directly or through a committee or other agent, to the reorganization, consolidation, merger, dissolution, or liquidation of a...
• Section 16238.
  The trustee has the power to hold a security in the name of a nominee or in other form without disclosure of the trust so...
• Section 16239.
  The trustee has the power to deposit securities in a securities depository, as defined in Section 30004 of the Financial Code, which is licensed under...
• Section 16240.
  The trustee has the power to insure the property of the trust against damage or loss and to insure the trustee against liability with respect...
• Section 16241.
  The trustee has the power to borrow money for any trust purpose to be repaid from trust property. The lender may include, but is not...
• Section 16242.
  The trustee has the power to do any of the following:(a) Pay or contest any claim.(b) Settle a claim by or against the trust by compromise, arbitration,...
• Section 16243.
  The trustee has the power to pay taxes, assessments, reasonable compensation of the trustee and of employees and agents of the trust, and other expenses...
• Section 16244.
  The trustee has the following powers:(a) To make loans out of trust property to the beneficiary on terms and conditions that the trustee determines are fair...
• Section 16245.
  The trustee has the power to pay any sum of principal or income distributable to a beneficiary, without regard to whether the beneficiary is under...
• Section 16246.
  The trustee has the power to effect distribution of property and money in divided or undivided interests and to adjust resulting differences in valuation. A...
• Section 16247.
  The trustee has the power to hire persons, including accountants, attorneys, auditors, investment advisers, appraisers (including probate referees appointed pursuant to Section 400), or other...
• Section 16248.
  The trustee has the power to execute and deliver all instruments which are needed to accomplish or facilitate the exercise of the powers vested in...
• Section 16249.
  The trustee has the power to prosecute or defend actions, claims, or proceedings for the protection of trust property and of the trustee in the...

Last modified: October 22, 2018