California § 16046 - Except as provided in subdivision (b), a trustee who invests and manages trust as

Full text of California Public Contract Code - PCC § 16046 — Except as provided in subdivision (b), a trustee who invests and manages trust as, with citation guidance and answers to common questions.

§ 16046. Except as provided in subdivision (b), a trustee who invests and manages trust as

(a) Except as provided in subdivision (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule. (b) The settlor may expand or restrict the prudent investor rule by express provisions in the trust instrument. A trustee is not liable to a beneficiary for the trustee’s good faith reliance on these express provisions.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 16046

What does Public Contract Code - PCC § 16046 cover?

Section 16046 ("Except as provided in subdivision (b), a trustee who invests and manages trust as") 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 § 16046?

A common citation format is "Public Contract Code - PCC § 16046" (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 § 16046 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.