California § 10262 - Except as provided in subdivision (b), if a written offer to purchase the propert
Full text of California Public Contract Code - PCC § 10262 — Except as provided in subdivision (b), if a written offer to purchase the propert, with citation guidance and answers to common questions.
§ 10262. Except as provided in subdivision (b), if a written offer to purchase the propert
(a) Except as provided in subdivision (b), if a written offer to purchase the property is made to the court at the hearing on the petition for confirmation of the sale and the new bid is at least 10 percent more than the amount stated in the report made to the court, the court in its discretion may accept the new bid and confirm the sale to the offeror, or may order a new sale, if all of the following conditions are satisfied: (1) The original bid as stated in the report to the court is more than one hundred dollars ($100) or, if the original bid is less than one hundred dollars ($100), the new bid is at least one hundred dollars ($100) more than the original bid. (2) The new bid is made by a responsible person. (3) The new bid complies with all provisions of law. (b) If there is more than one offer that satisfies the requirements of subdivision (a), the court shall do one of the following: (1) Accept the highest such offer and confirm the sale to the offeror. (2) Order a new sale. (c) This section does not apply to a sale of property described in Section 10259.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10262
What does Public Contract Code - PCC § 10262 cover?
Section 10262 ("Except as provided in subdivision (b), if a written offer to purchase the propert") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 10262?
A common citation format is "Public Contract Code - PCC § 10262" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 10262 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.