California § 16002 - The trustee has a duty to administer the trust solely in the interest of the bene
Full text of California Public Contract Code - PCC § 16002 — The trustee has a duty to administer the trust solely in the interest of the bene, with citation guidance and answers to common questions.
§ 16002. The trustee has a duty to administer the trust solely in the interest of the bene
(a) The trustee has a duty to administer the trust solely in the interest of the beneficiaries. (b) It is not a violation of the duty provided in subdivision (a) for a trustee who administers two trusts to sell, exchange, or participate in the sale or exchange of trust property between the trusts, if both of the following requirements are met: (1) The sale or exchange is fair and reasonable with respect to the beneficiaries of both trusts. (2) The trustee gives to the beneficiaries of both trusts notice of all material facts related to the sale or exchange that the trustee knows or should know.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16002
What does Public Contract Code - PCC § 16002 cover?
Section 16002 ("The trustee has a duty to administer the trust solely in the interest of the bene") 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 § 16002?
A common citation format is "Public Contract Code - PCC § 16002" (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 § 16002 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.