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28-51-201. Sale, mortgage, lease, or exchange.
Arkansas Code — all titles (historical 2020) · legal_authorities
28-51-201. Sale, mortgage, lease, or exchange.
(a) The petition of a personal representative for authority to sell, mortgage, lease, or exchange personal property of an estate shall be heard without notice, or upon such notice as the court may direct.
(b) The court, if satisfied as to the necessity or desirability of the action, may order the personal representative to proceed with the sale or other disposition at public or private sale and upon terms and conditions as by the court may be specifically directed.
(c) The court shall prescribe safeguards to assure that the sale, mortgage, lease, or exchange is for an adequate consideration and for the best interest of the estate.
(d) The court, in its discretion, may require confirmation of any sale or other disposition of personal property.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 28-51-201
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:28-51-201
Source file: gov.ar.code.title.28.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 06e8a9dd9e6926593591717e88cc3f3eb4acce87f124dd03c0ae48277a13cdea
Source location: content.xml paragraph 6908
Stored source content
28-51-201. Sale, mortgage, lease, or exchange.
(a) The petition of a personal representative for authority to sell, mortgage, lease, or exchange personal property of an estate shall be heard without notice, or upon such notice as the court may direct.
(b) The court, if satisfied as to the necessity or desirability of the action, may order the personal representative to proceed with the sale or other disposition at public or private sale and upon terms and conditions as by the court may be specifically directed.
(c) The court shall prescribe safeguards to assure that the sale, mortgage, lease, or exchange is for an adequate consideration and for the best interest of the estate.
(d) The court, in its discretion, may require confirmation of any sale or other disposition of personal property.
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