SECTIONS 10550-10564 - California Statutes

PROBATE CODE

SECTION 10550-10564

10550. The personal representative may exercise the powers
described in this article without giving notice of proposed action
under Chapter 4 (commencing with Section 10580).

10551. In addition to the powers granted to the personal
representative by other sections of this chapter, the personal
representative has all the powers that the personal representative
could exercise without court supervision under this code if the
personal representative had not been granted authority to administer
the estate under this part.

10552. The personal representative has the power to do all of the
following:
(a) Allow, pay, reject, or contest any claim by or against the
estate.
(b) Compromise or settle a claim, action, or proceeding by or for
the benefit of, or against, the decedent, the personal
representative, or the estate.
(c) Release, in whole or in part, any claim belonging to the
estate to the extent that the claim is uncollectible.
(d) Allow a claim to be filed after the expiration of the time for
filing the claim.

10553. The personal representative has the power to do all of the
following:
(a) Commence and maintain actions and proceedings for the benefit
of the estate.
(b) Defend actions and proceedings against the decedent, the
personal representative, or the estate.

10554. The personal representative has the power to extend, renew,
or in any manner modify the terms of an obligation owing to or in
favor of the decedent or the estate.

10555. The personal representative has the power to convey or
transfer property in order to carry out the exercise of a specific
power granted by this part.

10556. The personal representative has the power to pay all of the
following:
(a) Taxes and assessments.
(b) Expenses incurred in the collection, care, and administration
of the estate.

10557. The personal representative has the power to purchase an
annuity from an insurer admitted to do business in this state to
satisfy a devise of an annuity or other direction in the will for
periodic payments to a devisee.

10558. The personal representative has the power to exercise an
option right that is property of the estate.

10559. The personal representative has the power to purchase
securities or commodities required to perform an incomplete contract
of sale where the decedent died having sold but not delivered
securities or commodities not owned by the decedent.

10560. The personal representative has the power to hold a security
in the name of a nominee or in any other form without disclosure of
the estate, so that title to the security may pass by delivery.

10561. The personal representative has the power to exercise
security subscription or conversion rights.

10562. The personal representative has the power to make repairs
and improvements to real and personal property of the estate.

10563. The personal representative has the power to accept a deed
to property which is subject to a mortgage or deed of trust in lieu
of foreclosure of the mortgage or sale under the deed of trust.

10564. The personal representative has the power to give a partial
satisfaction of a mortgage or to cause a partial reconveyance to be
executed by a trustee under a deed of trust held by the estate.