California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 7. ADMINISTRATION OF ESTATES OF DECEDENTS |
Part 6. INDEPENDENT ADMINISTRATION OF ESTATES |
Chapter 3. Administration Under Independent Administration Authority |
ARTICLE 4. Powers Exercisable Without Giving Notice of Proposed Action |
Section 10559.
Latest version.
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The personal representative has the power to purchase securities or commodities required to perform an incomplete contract of sale where the decedent died having sold but not delivered securities or commodities not owned by the decedent.
(Enacted by Stats. 1990, Ch. 79.)