California Probate Code

§ 9800

PROB § 9800Div. 7 · Part 5 · Ch. 7

Statute text

(a)Subject to subdivision (c), after authorization by order of court obtained under this chapter upon a showing that it would be to the advantage of the estate, the personal representative may borrow money on a note, either unsecured or to be secured by a security interest or other lien on the personal property of the estate, or any part thereof, or to be secured by a mortgage or deed of trust on the real property of the estate, or any part thereof, and may give a security interest or other lien on the personal property of the estate, or any part thereof, or a mortgage or deed of trust on the real property of the estate, or any part thereof, in order to do any one or more of the following:

(1)Pay the debts of the decedent or the estate, devises, expenses of administration, and charges against the estate.

(2)Pay, reduce, extend, or renew a security interest or lien or mortgage or deed of trust already existing on property of the estate.

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Legislative history

Enacted by Stats. 1990, Ch. 79.