AB 1037, as introduced, Wagner. Trust proceedings.
The Trust Law governs the regulation of trusts and proceedings concerning trusts and specifies that its provisions apply to all proceedings concerning trusts commenced on or after July 1, 1987. The law also applies to proceedings concerning trusts commenced before July 1, 1987, except under specified circumstances.
This bill would make technical, nonsubstantive changes to those provisions.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 15001 of the Probate Code is amended
2to read:
Except as otherwise provided by statute:
4(a) This division applies to all trusts regardless of whether they
5were created before, on, or after July 1, 1987.
6(b) This division applies to all proceedings concerning trusts
7begin insert that areend insert commenced on or after July 1, 1987.
8(c) This division applies to all proceedings concerning trusts
9commenced before July 1, 1987, unlessbegin insert,end insert in the opinion of the courtbegin insert,end insert
P2 1
application of a particular provision of this division would
2substantially interfere with the effective conduct of the proceedings
3or the rights of the parties and other interested persons, in which
4case the particular provision of this division does not apply and
5prior law applies.
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