California Probate Code

§ 9964

PROB § 9964Div. 7 · Part 5 · Ch. 16

Statute text

(a)The court shall make an order authorizing the personal representative to grant the option upon the terms and conditions stated in the order if the court is satisfied as to all of the following:

(1)Good reason exists to grant the option and granting the option will be to the advantage of the estate.

(2)It does not appear that a higher offer with respect to the purchase price of the real property subject to the option may be obtained. An offer is a higher offer with respect to purchase price only if the offer satisfies the requirements of Section 10311 governing increased bids in real property sales.

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Legislative history

Enacted by Stats. 1990, Ch. 79.