California § 19512 - For purposes of this section,
Full text of California Public Contract Code - PCC § 19512 — For purposes of this section,, with citation guidance and answers to common questions.
§ 19512. For purposes of this section,
(a) For purposes of this section, âlimited distributive discretionâ means a discretionary power of distribution that is limited to an ascertainable standard or a reasonably definite standard. (b) An authorized fiduciary that has limited distributive discretion over the principal of the first trust for benefit of one or more current beneficiaries may exercise the decanting power over the principal of the first trust. (c) Under this section and subject to Section 19514, a second trust may be created or administered under the law of any jurisdiction. Under this section, the second trusts, in the aggregate, shall grant each beneficiary of the first trust beneficial interests which are substantially similar to the beneficial interests of the beneficiary in the first trust. For purposes of this subdivision, âsubstantially similarâ means that there is no material change in a beneficiaryâs beneficial interests, except as provided in subdivision (d). (d) A power to make a distribution under a second trust for the benefit of a beneficiary who is an individual is substantially similar to a power under the first trust to make a distribution directly to the beneficiary. A distribution is for the benefit of a beneficiary if it satisfies any of the following conditions: (1) The distribution is applied for the benefit of the beneficiary. (2) The beneficiary is under a legal disability or the trustee reasonably believes the beneficiary is incapacitated, and the distribution is made as permitted under this code. (3) The distribution is made as permitted under the terms of the first trust instrument and the second trust instrument for the benefit of the beneficiary. (e) If an authorized fiduciary has limited distributive discretion over part but not all of the principal of a first trust, the fiduciary may exercise the decanting power under this section over that part of the principal over which the authorized fiduciary has limited distributive discretion.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 19512
What does Public Contract Code - PCC § 19512 cover?
Section 19512 ("For purposes of this section,") 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 § 19512?
A common citation format is "Public Contract Code - PCC § 19512" (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 § 19512 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.