Prob. Code, § 8901 · Article 1. Procedure
Prob. Code, § 8901
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The personal representative shall appraise the following property, excluding items whose fair market value is, in the opinion of the personal representative, an amount different from the face value of the property:
(a) Money and other cash items. As used in this subdivision, a “cash item” is a check, draft, money order, or similar instrument issued on or before the date of the decedent’s death that can be immediately converted to cash.
(b) The following checks issued after the date of the decedent’s death:
(1) Checks for wages earned before death.
(2) Refund checks, including tax and utility refunds, and Medicare, medical insurance, and other health care reimbursements and payments.
(c) Accounts (as defined in Section 21) in financial institutions.
(d) Cash deposits and money market mutual funds, as defined in subdivision (b) of Section 9730, whether in a financial institution or otherwise, including a brokerage cash account. All other mutual funds, stocks, bonds, and other securities shall be appraised pursuant to Sections 8902 to 8909, inclusive.
(e) Proceeds of life and accident insurance policies and retirement plans and annuities payable on death in lump sum amounts.
Notes and commentary — not statutory text
History
Amended by Stats. 1994, Ch. 806, Sec. 30. Effective January 1, 1995.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=8901.
- Text hash
- sha256 88a4c6a598ca57f5dc2c403124ff3ecd11756f550029d48042050c589386122e
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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