§ 7780.7. Distribution upon termination.
Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed to distribute the trust property within a reasonable time to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses and taxes.
Section: Previous 7780 7780.1 7780.2 7780.3 7780.4 7780.5 7780.6 7780.7 7781 7782 7783 7784 7785 7786 7787 NextLast modified: October 8, 2016