California · Financial Code

FIN §1581: Trust funds received by any trust company in connection with its trust business, if invested, shall be invested as provided in Part 4 (commencing with Section 16000) of Division 9 of the Probate Code.

What this law says, in plain English

Trust companies must invest trust funds according to rules in Probate Code Part 4. This statute sets investment requirements for trust fund management.

Read the full statutory text

Trust funds received by any trust company in connection with its trust business, if invested, shall be invested as provided in Part 4 (commencing with Section 16000) of Division 9 of the Probate Code.

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