CHAPTER 16. Granting Option to Purchase Real Property [9960. - 9966.]

Chapter 16 enacted by Stats. 1990, Ch. 79.

§§ 9960–9966 · 7 sections

• § 9960 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…
• § 9961 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…
• § 9962 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…
• § 9963 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)…
• § 9964 (a) The court shall make an order authorizing the personal representative to grant the option upon the terms and conditions stated in the order if the court is…
• § 9965 An option granted pursuant to an order made under this chapter, whether within or beyond the administration of the estate, is subject to Chapter 4 (commencing…
• § 9966 No omission, error, or irregularity in the proceedings under this chapter shall impair or invalidate the proceedings or the granting of an option pursuant to…