Section 16015 Of Article 1. Trustee’s Duties In General From California Probate Code >> Division 9. >> Part 4. >> Chapter 1. >> Article 1.
16015
. The provision of services for compensation by a regulated
financial institution or its affiliates in the ordinary course of
business either to a trust of which it also acts as trustee or to a
person dealing with the trust is not a violation of the duty provided
in Section 16002 or 16004. For the purposes of this section,
"affiliate" means a corporation that directly or indirectly through
one or more intermediaries controls, is controlled by, or is under
common control with another domestic or foreign corporation.