California Legal Codes and Statutes

§ 16239

Enacted by Stats. 1990, Ch. 79.

The trustee has the power to deposit securities in a securities depository, as defined in Section 30004 of the Financial Code, which is licensed under Section 30200 of the Financial Code or is exempt from licensing by Section 30005 or 30006 of the Financial Code. The securities may be held by the securities depository in the manner authorized by Section 775 of the Financial Code.

Cite this section

Cal. Prob. Code § 16239 (2026)
https://ca.codecond.com/codes/prob/division-9-trust-law/part-4-trust-administration/chapter-2-powers-of-trustees/article-2-specific-powers-of-trustees/section-16239

Other sections in Article 2 - Specific Powers of Trustees

§ 16220§ 16221§ 16222§ 16224§ 16225§ 16226§ 16227§ 16228§ 16229§ 16230…§ 16240§ 16241§ 16242§ 16243§ 16244§ 16245§ 16246§ 16247§ 16248§ 16249

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