California § 15408 - On petition by a trustee or beneficiary, if the court determines that the fair ma
Full text of California Public Contract Code - PCC § 15408 — On petition by a trustee or beneficiary, if the court determines that the fair ma, with citation guidance and answers to common questions.
§ 15408. On petition by a trustee or beneficiary, if the court determines that the fair ma
(a) On petition by a trustee or beneficiary, if the court determines that the fair market value of the principal of a trust has become so low in relation to the cost of administration that continuation of the trust under its existing terms will defeat or substantially impair the accomplishment of its purposes, the court may, in its discretion and in a manner that conforms as nearly as possible to the intention of the settlor, order any of the following: (1) Termination of the trust. (2) Modification of the trust. (3) Appointment of a new trustee. (b) Notwithstanding subdivision (a), if the fair market value of the principal of a trust does not exceed one hundred thousand dollars ($100,000) in value, the trustee has the power to terminate the trust. (c) The existence of a trust provision restraining transfer of the beneficiaryâs interest does not prevent application of this section.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15408
What does Public Contract Code - PCC § 15408 cover?
Section 15408 ("On petition by a trustee or beneficiary, if the court determines that the fair ma") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 15408?
A common citation format is "Public Contract Code - PCC § 15408" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 15408 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.