California · Probate Code
PROB §16355: A fiduciary shall allocate receipts from, or related to, a financial instrument or arrangement not otherwise addressed by this chapter.
What this law says, in plain English
A fiduciary must allocate receipts from financial instruments or arrangements that are not covered elsewhere in this chapter.
Read the full statutory text
A fiduciary shall allocate receipts from, or related to, a financial instrument or arrangement not otherwise addressed by this chapter. The allocation shall be consistent with the principles of Sections 16353 and 16354.
Verify at the official source: California legislative text
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