California Probate Code 10558 – The personal representative has the power to exercise an option right …
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The personal representative has the power to exercise an option right that is property of the estate.
(Enacted by Stats. 1990, Ch. 79.)
Terms Used In California Probate Code 10558
- Personal representative: means executor, administrator, administrator with the will annexed, special administrator, successor personal representative, public administrator acting pursuant to Section 7660, or a person who performs substantially the same function under the law of another jurisdiction governing the person's status. See California Probate Code 58
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62