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261 chapters · 2,710 sections in this title.
Prob. Code § 9960 Section 9960
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After authorization by order of court obtained under this chapter, the personal representative may grant an option to purchase real property of the estate for a period within or beyond the period of administration. (Enacted by Stats. 1990, Ch. 79.)
Prob. Code § 9961 Section 9961
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To obtain an order under this chapter, the personal representative shall file a petition containing all of the following: (a) A description of the real property. (b) The terms and conditions of the proposed option. (c) A showing that granting the option is to the advantage of the…
Prob. Code § 9962 Section 9962
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The purchase price of the real property subject to the option shall be at least 90 percent of the appraised value of the real property. The appraisal shall be made in the manner provided in subdivision (c) of Section 10309 within one year prior to the hearing of the petition. (En…
Prob. Code § 9963 Section 9963
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Notice of the hearing on the petition shall be posted as provided in Section 1230 and given as provided in Section 1220 to all of the following persons: (a) Each person listed in Section 1220. (b) Each known heir whose interest in the estate would be affected by the granting of t…
