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 731.02
This chapter shall apply to all transactions by which a principal was established without the interposition of a trust on or after September 13, 1941, or is hereafter so established. Transactions by which a principal is held in trust are governed by Chapter 3 (commencing with Section 16300) of Part 4 of Division 9 of the Probate Code.
Notes
Applies the Legal Estates Principal and Income Law to every principal set aside without a trust on or after September 13, 1941, or established later. Routes any principal that is held in trust to the Probate Code's own principal and income rules instead.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 731.02 | https://laws.lexinter.net/codes/california/civil-code/division-2/part-1/title-2/chapter-2-6/section-731-02