California Probate Code 10559 – The personal representative has the power to purchase securities or …
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The personal representative has the power to purchase securities or commodities required to perform an incomplete contract of sale where the decedent died having sold but not delivered securities or commodities not owned by the decedent.
(Enacted by Stats. 1990, Ch. 79.)
Terms Used In California Probate Code 10559
- Contract: A legal written agreement that becomes binding when signed.
- Decedent: A deceased person.
- 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