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2023 California Code
Probate Code - PROB
DIVISION 4 - GUARDIANSHIP, CONSERVATORSHIP, AND OTHER PROTECTIVE PROCEEDINGS
PART 4 - PROVISIONS COMMON TO GUARDIANSHIP AND CONSERVATORSHIP
CHAPTER 6 - Powers and Duties of Guardian or Conservator of the Estate
ARTICLE 5 - Compromise of Claims and Actions; Extension, Renewal, or Modification of Obligations
Section 2502.
Universal Citation:
CA Prob Code § 2502 (2023)
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2502. Court approval is required for a compromise or settlement of a matter when the transaction requires the transfer or encumbrance of property of the estate, or the creation of an unsecured liability of the estate, or both, in an amount or value in excess of twenty-five thousand dollars ($25,000).
(Enacted by Stats. 1990, Ch. 79.)
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