California Business and Professions Code

§ 6580

BPC § 6580 Effective Jan 1, 2022Div. 3 · Ch. 6 · Art. 5

Statute text

(a)(1) The bureau may upon its own, and shall, upon the receipt of a complaint from any person, investigate the actions of a professional fiduciary, including a person with a license that either restricts or prohibits the practice of that person as a professional fiduciary, including, but not limited to, a license that is retired, inactive, canceled, or suspended.

(2)The bureau shall investigate a professional fiduciary’s alleged violation of statute, regulation, or the Professional Fiduciaries Code of Ethics and any other complaint referred to it by the public, a public agency, or the department, and shall impose sanctions upon a finding that the professional fiduciary did any of the following:

(A)Breached a legal or fiduciary duty to a client and thereby caused financial or physical harm or mental suffering to the client.

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Legislative history

Amended by Stats. 2021, Ch. 417, Sec. 2. (AB 1194) Effective January 1, 2022.