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Section 10514 Of Article 2. Powers Exercisable Only After Giving Notice Of Proposed Action From California Probate Code >> Division 7. >> Part 6. >> Chapter 3. >> Article 2.
10514
. (a) Subject to subdivision (b), the personal representative
has the following powers:
(1) The power to borrow.
(2) The power to place, replace, renew, or extend any encumbrance upon any property of the estate.
(b) Only a personal representative who has full authority has the power to borrow money with the loan secured by an encumbrance upon real property.
(1) The power to borrow.
(2) The power to place, replace, renew, or extend any encumbrance upon any property of the estate.
(b) Only a personal representative who has full authority has the power to borrow money with the loan secured by an encumbrance upon real property.
