California § 9705 - Subject to subdivision (b), where a trust company is a personal representative an
Full text of California Public Contract Code - PCC § 9705 — Subject to subdivision (b), where a trust company is a personal representative an, with citation guidance and answers to common questions.
§ 9705. Subject to subdivision (b), where a trust company is a personal representative an
(a) Subject to subdivision (b), where a trust company is a personal representative and in the exercise of reasonable judgment deposits money of the estate in an account in any department of the corporation or association of which it is a part, it is chargeable with interest thereon at the rate of interest prevailing among banks of the locality on such deposits. (b) Where it is to the advantage of the estate, the amount of cash that is reasonably necessary for orderly administration of the estate may be deposited in a checking account that does not earn interest which is maintained in a department of the corporation or association of which the trust company is a part.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 9705
What does Public Contract Code - PCC § 9705 cover?
Section 9705 ("Subject to subdivision (b), where a trust company is a personal representative an") 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 § 9705?
A common citation format is "Public Contract Code - PCC § 9705" (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 § 9705 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.