Part 9 - TRUST COMPANY AS FIDUCIARY - California Probate Code

Sections (2)

Amended by Stats. 2023, Ch. 721, Sec. 1. (SB 801) Effective January 1, 2024.

A trust company may be appointed to act as a personal representative, guardian or conservator of an estate, trust director, or trustee, in the same manner as an individual. A trust company may not be appointed guardian or conservator of the person of a ward or conservatee.

§ 301

Enacted by Stats. 1990, Ch. 79.

(a)A trust company appointed to act as a personal representative, or guardian or conservator of an estate, may not be required to give a bond.

(b)The liability of a trust company and the manner of its making of oaths and affidavits are governed by Article 3 (commencing with Section 1540) of Chapter 12 of Division 1 of, and Section 1587 of, the Financial Code.