California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 11. CONSTRUCTION OF WILLS, TRUSTS, AND OTHER INSTRUMENTS |
Part 1. RULES FOR INTERPRETATION OF INSTRUMENTS |
Chapter 1. General Provisions |
Section 21107.
Latest version.
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If an instrument directs the conversion of real property into money at the transferor's death, the real property and its proceeds shall be deemed personal property from the time of the transferor's death.
(Amended by Stats. 2002, Ch. 138, Sec. 16. Effective January 1, 2003.)