Notice Of Proposed Action Law & Legal Definition
A Notice of Proposed Action is used when action is proposed to be taken without court supervision. This is commonly used in probate matters dealing with estates. A Notice of Proposed Action must contain a description of the proposed action in reasonably specific terms. If the proposed action involves a sale or exchange of real property or option to purchase real property the notice must include the material terms of the transaction including the sales price and commission payable to the broker.
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