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HomeEducation CodeCh. 1Art. 2§ 21150 Trustee And Officer Duties

§ 21150 Trustee And Officer Duties

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 21150 Trustee And Officer Duties

Key Takeaways

  • •The person who creates a trust can choose who will be in charge (trustees) and what they will do.
  • •They can also decide how much these people get paid and how they get paid.
  • •The trust creator can give specific jobs to specific people in the trust.

Example

A person sets up a trust to take care of their money and property for their kids.

They can pick their best friend to be in charge of the money and decide that this friend gets paid $100 every month for doing this job. They can also say that another person is in charge of making sure the kids get their school supplies every year.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 21150 Trustee And Officer Duties

The founder may in the deed of trust name and describe the character and personality of any one or more of the immediate or future trustees, the librarian, and other officers, and name and impose any particular duty to be performed by any one or more trustees or other officers so described and characterized. He may declare and limit any compensation, and fix the character and method of the compensation he chooses to provide for the trustee or other officer whom the terms of his foundation may characterize, and upon whom specific or general duties are imposed. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

founderdeed of trusttrusteesofficerscompensation

Related Statutes

  • § 21144 Founder’S Trustee Designation Powers
  • § 21146 Founder'S Veto Rights
  • § 21140 Public Library And Museum Gifts
  • § 21143 Gifts To Institutional Trusts
  • § 21145 Trustee Legal Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 21150.
View Official Source