California Legal Codes and Statutes

§ 16241

Enacted by Stats. 1990, Ch. 79.

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 limited to, a bank holding company, affiliate, or subsidiary of the trustee.

Cite this section

Cal. Prob. Code § 16241 (2026)
https://ca.codecond.com/codes/prob/division-9-trust-law/part-4-trust-administration/chapter-2-powers-of-trustees/article-2-specific-powers-of-trustees/section-16241

Other sections in Article 2 - Specific Powers of Trustees

§ 16220§ 16221§ 16222§ 16224§ 16225§ 16226§ 16227§ 16228§ 16229§ 16230…§ 16240§ 16241§ 16242§ 16243§ 16244§ 16245§ 16246§ 16247§ 16248§ 16249

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 14, 2026.