Current through the 2023 Legislative Session.
Section 16110 - Notice from trustee required prior to disposal of assets(a) On and after January 1, 2025, or upon the regulations provided for in subdivision (b) taking effect, whichever occurs first, a trustee holding assets subject to a charitable trust shall give written notice to the Attorney General at least 20 days before the trustee sells, leases, conveys, exchanges, transfers, or otherwise disposes of all or substantially all of the charitable assets. (b) On or after January 1, 2022, the Attorney General shall establish rules and regulations necessary to administer this section. Renumbered from Ca. Prob. Code §16106 by Stats 2023 ch 478 (AB 1756),s 61, eff. 1/1/2024.Amended by Stats 2022 ch 28 (SB 1380),s 128, eff. 1/1/2023.Added by Stats 2021 ch 708 (AB 900),s 1, eff. 1/1/2022.