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HomeEducation CodeCh. 1Art. 2§ 21149 Founder'S Trust Amendment Rights

§ 21149 Founder'S Trust Amendment Rights

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 21149 Founder'S Trust Amendment Rights

Key Takeaways

  • •The person who starts a trust can change the rules of the trust while they are alive.
  • •They can also change the rules in their will after they die.
  • •The changes can be about the trust's property, buildings, or how the trust works.

Example

A person creates a trust to give money to a school and later decides to change how the money is used.

The person can change the rules of the trust while they are alive or in their will to say the money should go to a different part of the school.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 21149 Founder'S Trust Amendment Rights

The founder may also reserve the right to alter, amend, or modify, at any time during his life, or by his last will and testament, the terms and conditions of the grant, and the trust created in respect to the institution, its buildings, and the property conveyed. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

alteramendmodifygranttrustinstitutionbuildingsproperty conveyed

Related Statutes

  • § 21109 Grantor'S Right To Modify
  • § 21105 Trustee Legal Authority
  • § 21142 Property Conveyance For Institutions
  • § 21143 Gifts To Institutional Trusts
  • § 21144 Founder’S Trustee Designation Powers

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 21149.
View Official Source