California Codes, Civil Code - CIV, Division 2 — Property, Part 1 — Property in General, Title 2 — Ownership, Chapter 2.6 — Legal Estates Principal and Income Law, Section 731.06

Whenever a tenant’s right to income shall cease by death, or in any other manner, all payments theretofore actually paid to the tenant shall belong to the tenant or to his personal representative; all income actually received after such termination shall be paid to the person next entitled to income by the terms of the transaction by which the principal was established.

Notes

Allows a tenant whose right to income ends by death or otherwise, or that tenant's personal representative, to keep all payments actually paid before termination. Requires income actually received after termination to go to the person next entitled to income under the terms establishing the principal.

Use as reference

Lexinter.net | California Code, Civil Code - CIV § 731.06 | https://laws.lexinter.net/codes/california/civil-code/division-2/part-1/title-2/chapter-2-6/section-731-06

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