Prob. Code, § 9730 · Chapter 4. Investments and Purchase of Property
Prob. Code, § 9730
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Pending distribution of the estate, the personal representative may invest money of the estate in possession of the personal representative in any one or more of the following:
(a) Direct obligations of the United States, or of the State of California, maturing not later than one year from the date of making the investment.
(b) An interest in a money market mutual fund registered under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1, et seq.) or an investment vehicle authorized for the collective investment of trust funds pursuant to Section 9.18 of Part 9 of Title 12 of the Code of Federal Regulations, the portfolios of which are limited to United States government obligations maturing not later than five years from the date of investment and to repurchase agreements fully collateralized by United States government obligations.
(c) Units of a common trust fund described in Section 1585 of the Financial Code. The common trust fund shall have as its objective investment primarily in short term fixed income obligations and shall be permitted to value investments at cost pursuant to regulations of the appropriate regulatory authority.
Notes and commentary — not statutory text
History
Amended by Stats. 2014, Ch. 71, Sec. 140. (SB 1304) Effective January 1, 2015.
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=9730.
- Text hash
- sha256 d95148284bd6717d77fe6aa6906140d5f11d62f1edd2a91555edcabfbdc1467c
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- 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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