Cal. PROB § 2502
This is the official text of Cal. PROB § 2502, part of California’s Probate Code — governs wills, trusts, estates, and conservatorships.
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Official statutory text
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).
Status: in_force · Read it on the official government site
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