It seems implausible that I would ask the question of the relationship between Donald Sterling and the sale of Los Angeles Clippers and the California probate code. However, I have reason to do so!
As far as I know Donald Sterling and his wife, Shelly, are still alive and well. According to a quick internet search they are worth somewhere around $4 or $5 billion. That is BILLION with a big B! The thing that is most impressive here is that Forbes rates him an 8 (out of 10) on the scale of self-made. I am always impressed when I look through that list at the people that built their own wealth. From all accounts he is a self-made man so big kudos for that. He has some other problems, that got him into the news, and we’ll touch on that here.
You are still wondering where does the California probate code come into play here? Well, let me explain. A friend recently told me about the Sterling Affairs podcast which is an ESPN 30 for 30 production. It really was fascinating. I am not going to talk about Mr. Sterling’s problems due to racist remarks which caused him to sell the Los Angeles Clippers of the NBA. I should say that is what I thought happened… but there’s a lot more to that story!
I found the whole series interesting but episode 5 is the one that gets to the California probate code. It wasn’t as simple as the NBA made him sell the team. Not at all. Take a listen to this ep for the whole story!
In particular it seems, according to this podcast, that Shelly Sterling utilized California Probate Code 1310b to help her gain control of the trust and ultimately make the sale of the LA Clippers. I encourage you to listen to that podcast episode as it really is very interesting. Pasted below is California probate code 1310b for your information.
(b) Notwithstanding that an appeal is taken from the judgment or order, for the purpose of preventing injury or loss to a person or property, the trial court may direct the exercise of the powers of the fiduciary, or may appoint a temporary guardian or conservator of the person or estate, or both, or a special administrator or temporary trustee, to exercise the powers, from time to time, as if no appeal were pending. All acts of the fiduciary pursuant to the directions of the court made under this subdivision are valid, irrespective of the result of the appeal. An appeal of the directions made by the court under this subdivision shall not stay these directions.
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