California Probate Code ARTICLE 5.1 - Allocation of Receipts During Administration of Trust: Receipts From Entities

• Section 16350.
  (a) As used in this section, “entity” shall mean a corporation, partnership, limited-liability company, regulated investment company, real estate investment trust, common trust fund, or any...
• Section 16351.
  A trustee shall allocate to income an amount received as a distribution of income from a trust or a decedent’s estate (other than an interest...
• Section 16352.
  (a) If a trustee who conducts a business or other activity determines that it is in the best interest of all the beneficiaries to account separately...

Last modified: October 22, 2018