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28-51-302. Appraisal.

Arkansas Code — all titles (historical 2020) · legal_authorities

28-51-302. Appraisal.

28-51-302. Appraisal. (a)(1) Before a personal representative shall sell real property, he or she shall have it appraised by three (3) disinterested persons, selected by him or her, unless appointed by the court, who are well informed concerning the value of real property in the vicinity. (2) However, unless there is an objection by an heir or beneficiary of the estate, the court may approve the appointment of one (1) appraiser to appraise the real property. (b) The appraisers shall appraise the real property at its full and fair value and immediately deliver the appraisal certified by them under oath to the personal representative. (c) The appraisal shall be filed with the clerk prior to the rendition of the order authorizing the sale. (d) In connection with the hearing on the petition for the order of sale, or prior to the hearing, upon proper notice, the court, upon evidence heard, may approve, modify, or reject the appraisal.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 28-51-302

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:28-51-302
Source file: gov.ar.code.title.28.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6ed6ac108052fc4aa2b57a0029c1c059e5e17b76df822ba7cadac3e49eeb441b

Source location: content.xml paragraph 6992

Stored source content

28-51-302. Appraisal. (a)(1) Before a personal representative shall sell real property, he or she shall have it appraised by three (3) disinterested persons, selected by him or her, unless appointed by the court, who are well informed concerning the value of real property in the vicinity. (2) However, unless there is an objection by an heir or beneficiary of the estate, the court may approve the appointment of one (1) appraiser to appraise the real property. (b) The appraisers shall appraise the real property at its full and fair value and immediately deliver the appraisal certified by them under oath to the personal representative. (c) The appraisal shall be filed with the clerk prior to the rendition of the order authorizing the sale. (d) In connection with the hearing on the petition for the order of sale, or prior to the hearing, upon proper notice, the court, upon evidence heard, may approve, modify, or reject the appraisal.

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