California · Probate Code
PROB §9962: 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.
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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.
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