§ 16625 Qualified Trust Company Definition

Government Code·California

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Key Takeaways

•A 'qualified trust company' is a special part of a bank that handles trusts.
•It can also be a company that is allowed to work with trusts in the state.
•These companies must follow the state's rules to be called 'qualified'.

Example

You want to set up a trust fund for your kid's college money.

You would go to a 'qualified trust company' like the trust department of your bank to help you set it up and manage it.

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

Official Source

View on CA.gov

§ 16625 Qualified Trust Company Definition

As used in this article, “qualified trust company” means the trust department of any state or national bank in this state or a trust company authorized to act as such in this state. (Added by Stats. 1976, Ch. 349.)

Last verified: January 22, 2026

Key Terms

qualified trust company trust department state or national bank trust company

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 16625.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References