(1) If a proceeding is instituted in a court with respect to an interest in property of a value in excess of the court's jurisdictional limit, the court must transfer the proceeding to a court where the value is within the jurisdictional limit unless the parties agree to the first court hearing and determining the proceeding.
(2) A court may transfer a proceeding under subsection (1) on its own motion, even if the parties agree to the court hearing and determining the proceeding.
(3) Before transferring a proceeding, a court may make any orders it considers necessary pending the disposal of the proceeding by the court to which the proceeding is transferred.
(4) If a proceeding is transferred to another court, that court must proceed as if the proceeding had been originally instituted in that court.
(5) Without prejudice to the duty of a court to comply with this section, failure by the court to comply does not invalidate any order of the court in the proceeding.