Section 16239 Of Article 2. Specific Powers Of Trustees From California Probate Code >> Division 9. >> Part 4. >> Chapter 2. >> Article 2.
16239
. The trustee has the power to deposit securities in a
securities depository, as defined in Section 30004 of the Financial
Code, which is licensed under Section 30200 of the Financial Code or
is exempt from licensing by Section 30005 or 30006 of the Financial
Code. The securities may be held by the securities depository in the
manner authorized by Section 775 of the Financial Code.