Section 16042 Of Article 2. Trustee’s Standard Of Care From California Probate Code >> Division 9. >> Part 4. >> Chapter 1. >> Article 2.
16042
. (a) Notwithstanding the requirements of this article,
Article 2.5 (commencing with Section 16045), and the terms of the
trust, all trust funds that come within the custody of the public
guardian who is appointed as trustee of the trust pursuant to Section
15660.5 may be deposited or invested in the same manner, and would
be subject to the same terms and conditions, as a deposit or
investment by the public administrator of funds in the estate of a
decedent pursuant to Article 3 (commencing with Section 7640) of
Chapter 4 of Part 1 of Division 7.
(b) Upon the deposit or investment of trust property pursuant to
subdivision (a), the public guardian shall be deemed to have met the
standard of care specified in this article and Article 2.5
(commencing with Section 16045) with respect to this trust property.