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Delegation by trustee.

San José Municipal Code § 3.52.420
in effect
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3.52.420 - Delegation by trustee. In addition to the powers stated in Section 3.52.410, the trustees may from time to time delegate to an investment manager, custodian or committee formed by the trustees certain of its fiduciary responsibilities under the trust. Any such investment manager, custodian of or committee shall remain a fiduciary until such delegation is revoked by the trustees, which revocation may be without cause and without advance notice. Such individual, committee, or organization shall have such power and authority with respect to such delegated fiduciary responsibilities as the trustees have under the trust. (Ord. 28914.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT3PE_IIREPL_CH3.52FEREHECATRFU_PT5COPODUTR_3.52.420DETRFetched: 11/1/2026

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