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Section 28-49-113 - Power to borrow money — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 28 - Wills, Estates, and Fiduciary Relationships (§§ 28-1-101 — 28)/
  5. Subtitle 4 - Administration of Decedents' Estates/
  6. Chapter 49 - Management of Assets/
  7. Section 28-49-113 - Power to borrow money
Arkansas Legal Code

Section 28-49-113 - Power to borrow money

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Upon a showing that such an action will be advantageous to the estate, the court may authorize the personal representative to borrow money, to execute notes and other legal evidences of indebtedness, and to mortgage property of the estate in accordance with the provisions of §§ 28-51-201 and 28-51-301.Acts 1949, No. 140, § 104; A.S.A. 1947, § 62-2411.