There is a newer version of the California Code
2012 California Codes
PROB - Probate Code
DIVISION 7 - ADMINISTRATION OF ESTATES OF DECEDENTS [7000 - 12591]
PART 5 - ESTATE MANAGEMENT
CHAPTER 16 - Granting Option to Purchase Real Property
Section 9962
CA Prob Code § 9962 (through 2013 Leg Sess) What's This?
The purchase price of the real property subject to the option shall be at least 90 percent of the appraised value of the real property. The appraisal shall be made in the manner provided in subdivision (c) of Section 10309 within one year prior to the hearing of the petition.
(Enacted by Stats. 1990, Ch. 79.)
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