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DIVISION 7. ADMINISTRATION OF ESTATES OF DECEDENTS 7000-12591›PART 6. INDEPENDENT ADMINISTRATION OF ESTATES 10400-10592›CHAPTER 3. Administration Under Independent Administration Authority 10500-10564›ARTICLE 2. Powers Exercisable Only After Giving Notice of Proposed Action 10510-10520

§ 10514

California Probate Code · 2018-11 edition · updated 2026-10-04 · California

(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.

(Enacted by Stats. 1990, Ch. 79.)

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California Probate Code

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