Probate Code section 16003

If a trust has two or more beneficiaries, the trustee has a duty to deal impartially with them and shall act impartially in investing and managing the trust property, taking into account any differing interests of the beneficiaries.

Source: Section 16003, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=16003. (updated Jan. 1, 1996; accessed Jun. 23, 2025).

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Up to date

Verified:
Jun. 23, 2025

§ 16003's source at ca.gov

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Location: https://california.public.law/codes/probate_code_section_16003

Original Source: Section 16003, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=16003. (last accessed May 12, 2025).