California Probate Code

§ 11851

PROB § 11851Div. 7 · Part 10 · Ch. 5

Statute text

(a)If property authorized by Section 11850 to be deposited with the county treasurer consists of money, the personal representative may deposit the money.

(b)If property authorized by Section 11850 to be deposited with the county treasurer consists of personal property other than money, the personal representative may not deposit the personal property except on court order. If it appears to the court that sale is for the benefit of interested persons, the court shall order the personal property sold, and the proceeds of sale, less expenses of sale allowed by the court, shall be deposited in the county treasury. If it appears to the court that sale is not for the benefit of interested persons, the court shall order the personal property deposited with the Controller, to be held subject to the provisions of Chapter 6 (commencing with Section 11900).

Legislative history

Enacted by Stats. 1990, Ch. 79.