The personal representative who has full authority has the power to grant an option to purchase real property of the estate for a period within or beyond the period of administration.
Cal. Prob. Code § 10515
Powers Exercisable Only After Giving Notice of Proposed Action
Known as the Independent Administration of Estates Act
The act spans §§ 10400–10592 (64 sections).
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.