California Statutes
§ 10514. — 10514. (Enacted by Stats. 1990, Ch. 79.)
California·Code PROB Probate Code - PROB·Div. 7. DIVISION 7. ADMINISTRATION OF ESTATES OF DECEDENTS·Part 6. PART 6. INDEPENDENT ADMINISTRATION OF ESTATES·Ch. 3. CHAPTER 3. Administration Under Independent Administration Authority·Art. 2. ARTICLE 2. Powers Exercisable Only After Giving Notice of Proposed Action
(a)Subject to subdivision (b), the personal representative has the following powers:
(1)The power to borrow.
(2)The power to place, replace, renew, or extend any encumbrance upon any property of the estate.
(b)Only a personal representative who has full authority has the power to borrow money with the loan secured by an encumbrance upon real property.
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California § 10514. (10514. (Enacted by Stats. 1990, Ch. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1990, Ch. 79.