Section 16237 Of Article 2. Specific Powers Of Trustees From California Probate Code >> Division 9. >> Part 4. >> Chapter 2. >> Article 2.

. The trustee has the power to consent, directly or through a committee or other agent, to the reorganization, consolidation, merger, dissolution, or liquidation of a corporation or other business enterprise, and to participate in voting trusts, pooling arrangements, and foreclosures, and in connection therewith, to deposit securities with and transfer title and delegate discretion to any protective or other committee as the trustee may deem advisable.