Section 10532 Of Article 3. Powers The Exercise Of Which Requires Giving Of Notice Of Proposed Action Under Some Circumstances From California Probate Code >> Division 7. >> Part 6. >> Chapter 3. >> Article 3.
10532
. (a) The personal representative has the power to enter into
a contract in order to carry out the exercise of a specific power
granted by this part, including, but not limited to, the powers
granted by Sections 10531 and 10551. Except as provided in
subdivision (b), the personal representative may exercise this power
without giving notice of proposed action under Chapter 4 (commencing
with Section 10580).
(b) The personal representative shall comply with the requirements
of Chapter 4 (commencing with Section 10580) where the contract is
one that by its provisions is not to be fully performed within two
years, except that the personal representative is not required to
comply with those requirements if the personal representative has the
unrestricted right under the contract to terminate the contract
within two years.
(c) Nothing in this section excuses compliance with the
requirements of Chapter 4 (commencing with Section 10580) when the
contract is made to carry out the exercise of a specific power and
the provision that grants that power requires compliance with Chapter
4 (commencing with Section 10580) for the exercise of the power.