California Probate Code

§ 9732

PROB § 9732 Effective Jan 1, 2018Div. 7 · Part 5 · Ch. 4

Statute text

(a)The court may order that money of the estate in possession of the personal representative be invested in any manner provided by the will if all of the following conditions are satisfied:

(1)The time for filing claims has expired.

(2)All debts, as defined in Section 11401, have been paid or are sufficiently secured by mortgage or otherwise, or there is sufficient cash in the estate aside from the money to be invested to pay all the debts, or the court is otherwise satisfied that all the debts will be paid.

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Legislative history

Amended by Stats. 2017, Ch. 319, Sec. 76. (AB 976) Effective January 1, 2018.