Contract With Agent, Broker, or Auctioneer

Cal. PROB § 10151

California Statutes

(

a) The personal representative may enter into a written contract with any of the following:

(1) Where the public auction sale will be held in this state, an auctioneer who is qualified to conduct business under Title 2.95 (commencing with

Section 1812.600) of Part of Division of the Civil Code.

(2) Where the public auction sale will be held outside this state pursuant to an order made under

Section 10254, an auctioneer who is legally permitted in the jurisdiction where the sale will be held to conduct a public auction sale and to secure purchasers by that method for the personal property authorized to be sold by public auction sale in that jurisdiction under the court order. (

b) The contract shall be one that is legally enforceable under the law of the jurisdiction where made. (

c) The contract may provide for payment to the auctioneer of a fee, commission, or other compensation out of the proceeds of sale and for reimbursement of expenses, but the contract is binding and valid as against the estate only for such amounts as the court allows pursuant to

Section 10167. No liability of any kind is incurred by the estate under the contract or a sale unless the sale is approved by the court, except for the obligations of the estate to the purchaser of personal property as to which title passes pursuant to

Section without court confirmation or approval. The personal representative is not personally liable on the contract by reason of execution of the contract. (

d) The contract may provide that personal property of two or more estates being administered by the same personal representative may be sold at the same public auction sale. Items of personal property may be sold separately or in a lot with other items from the same estate. A sale pursuant to the contract shall be with reserve. The auctioneer shall comply with the instructions of the personal representative with respect to withdrawal of items, risk of loss, place of delivery, warranties, and other matters.

Document details

CollectionCalifornia Statutes
CitationCal. PROB § 10151
Date2004-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierPROB10151.20033210

Contract With Agent, Broker, or Auctioneer

Cal. PROB § 10151

California Statutes

Contract With Agent, Broker, or Auctioneer

Cal. PROB § 10151

California Statutes

(

a) The personal representative may enter into a written contract with any of the following:

(1) Where the public auction sale will be held in this state, an auctioneer who is qualified to conduct business under Title 2.95 (commencing with

Section 1812.600) of Part of Division of the Civil Code.

(2) Where the public auction sale will be held outside this state pursuant to an order made under

Section 10254, an auctioneer who is legally permitted in the jurisdiction where the sale will be held to conduct a public auction sale and to secure purchasers by that method for the personal property authorized to be sold by public auction sale in that jurisdiction under the court order. (

b) The contract shall be one that is legally enforceable under the law of the jurisdiction where made. (

c) The contract may provide for payment to the auctioneer of a fee, commission, or other compensation out of the proceeds of sale and for reimbursement of expenses, but the contract is binding and valid as against the estate only for such amounts as the court allows pursuant to

Section 10167. No liability of any kind is incurred by the estate under the contract or a sale unless the sale is approved by the court, except for the obligations of the estate to the purchaser of personal property as to which title passes pursuant to

Section without court confirmation or approval. The personal representative is not personally liable on the contract by reason of execution of the contract. (

d) The contract may provide that personal property of two or more estates being administered by the same personal representative may be sold at the same public auction sale. Items of personal property may be sold separately or in a lot with other items from the same estate. A sale pursuant to the contract shall be with reserve. The auctioneer shall comply with the instructions of the personal representative with respect to withdrawal of items, risk of loss, place of delivery, warranties, and other matters.

Document details

CollectionCalifornia Statutes
CitationCal. PROB § 10151
Date2004-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierPROB10151.20033210