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CA SB801

Bill

Status

Passed

10/10/2023

Primary Sponsor

Benjamin Allen

Click for details

Origin

Senate

2023-2024 Session

AI Summary

  • Enacts the California Uniform Directed Trust Act to regulate "directed trusts" where a non-trustee person (trust director) exercises power over trust administration.

  • Requires consent of public administrator, public guardian, or public conservator before appointment as trust director or directed trustee.

  • Establishes that directed trustees must take reasonable action to comply with trust director decisions, except when compliance would constitute willful misconduct.

  • Exempts health care providers acting in their professional capacity from duties and liabilities under the act when exercising trust director powers.

  • Applies to trusts with principal place of administration in California as of January 1, 2024, and specifies duties, fiduciary responsibilities, and liability limitations for trust directors and directed trustees.

Legislative Description

California Uniform Directed Trust Act.

Last Action

Chaptered by Secretary of State. Chapter 721, Statutes of 2023.

10/10/2023

Committee Referrals

Judiciary5/18/2023
Judiciary3/1/2023
Rules2/17/2023

Full Bill Text

No bill text available