California § 16441 - If the trustee is liable for interest pursuant to Section 16440, the trustee is l
Full text of California Public Contract Code - PCC § 16441 — If the trustee is liable for interest pursuant to Section 16440, the trustee is l, with citation guidance and answers to common questions.
§ 16441. If the trustee is liable for interest pursuant to Section 16440, the trustee is l
(a) If the trustee is liable for interest pursuant to Section 16440, the trustee is liable for the greater of the following amounts: (1) The amount of interest that accrues at the legal rate on judgments in effect during the period when the interest accrued. (2) The amount of interest actually received. (b) If the trustee has acted reasonably and in good faith under the circumstances as known to the trustee, the court, in its discretion, may excuse the trustee in whole or in part from liability under subdivision (a) if it would be equitable to do so.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16441
What does Public Contract Code - PCC § 16441 cover?
Section 16441 ("If the trustee is liable for interest pursuant to Section 16440, the trustee is l") 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 § 16441?
A common citation format is "Public Contract Code - PCC § 16441" (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 § 16441 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.