Section 9731 Of Chapter 4. Investments And Purchase Of Property From California Probate Code >> Division 7. >> Part 5. >> Chapter 4.
9731
. (a) Pending distribution of the estate, upon a showing that
it is to the advantage of the estate, the court may order that money
of the estate in possession of the personal representative be
invested in securities of the United States or of this state.
(b) To obtain an order under this section, the personal
representative or any interested person shall file a petition stating
the types of securities that are proposed to be purchased and the
advantage to the estate of the purchase.
(c) Notice of the hearing on the petition shall be given as
provided in Section 1220.