Section 2570 Of Article 9. Investments And Purchase Of Property From California Probate Code >> Division 4. >> Part 4. >> Chapter 6. >> Article 9.
2570
. (a) The guardian or conservator, after authorization by order
of the court, may invest the proceeds of sales and any other money
of the estate as provided in the order.
(b) To obtain an order of the court authorizing a transaction
under subdivision (a) of this section, the guardian or conservator,
the ward or conservatee, or any other interested person may file a
petition with the court.
(c) Notice of the hearing on the petition shall be given for the
period and in the manner provided in Chapter 3 (commencing with
Section 1460) of Part 1. The court may order that the notice be
dispensed with.
(d) The court may require such proof of the fairness and
feasibility of the transaction as the court determines is necessary.
(e) If the required showing is made, the court may make an order
authorizing the transaction and may prescribe in the order the terms
and conditions upon which the transaction shall be made.