Which code addresses the allowance for co-fiduciaries to assume the powers of an absent fiduciary?

Probate Code 2105 specifically addresses the issue of co-fiduciaries assuming the powers of an absent fiduciary. This provision allows co-fiduciaries to continue the trust's administration and fulfill the fiduciary responsibilities even if one of the fiduciaries is absent, incapacitated, or otherwise unable to perform their duties. The code outlines the conditions under which this can occur and ensures that the ongoing management of the trust or estate is not disrupted.

Having a clear set of guidelines in place for co-fiduciaries enhances the stability and efficiency of administering trusts and estates, ensuring that beneficiaries are adequately protected and that the fiduciaries can operate smoothly even in the event of one party's absence. It is fundamental in legal contexts for maintaining continuity and protecting the interests of all parties involved.