Section 10406 Of Chapter 1. General Provisions From California Probate Code >> Division 7. >> Part 6. >> Chapter 1.
10406
. (a) Subject to subdivision (b), this part applies in any
case where authority to administer the estate is granted under this
part or where independent administration authority was granted under
prior law.
(b) If the personal representative was granted independent
administration authority prior to July 1, 1988, the personal
representative may use that existing authority on and after July 1,
1988, to borrow money on a loan secured by an encumbrance upon real
property, whether or not that existing authority includes the
authority to sell real property.