California Probate Code

§ 10537

PROB § 10537Div. 7 · Part 6 · Ch. 3 · Art. 3

Statute text

(a)The personal representative has the power to sell personal property of the estate or to exchange personal property of the estate for other property upon such terms and conditions as the personal representative may determine. Except as provided in subdivision (b), the personal representative shall comply with the requirements of Chapter 4 (commencing with Section 10580) in exercising this power.

(b)The personal representative may exercise the power granted by subdivision (a) without giving notice of proposed action under Chapter 4 (commencing with Section 10580) in case of the sale or exchange of any of the following:

(1)A security sold on an established stock or bond exchange.

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Legislative history

Enacted by Stats. 1990, Ch. 79.