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Section 28-51-106 - Purchase by personal representative — Arkansas Law | CourtGPT
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  4. Title 28 - Wills, Estates, and Fiduciary Relationships (§§ 28-1-101 — 28)/
  5. Subtitle 4 - Administration of Decedents' Estates/
  6. Chapter 51 - Transfers of Property Sub/
  7. Subchapter 1 - General Provisions/
  8. Section 28-51-106 - Purchase by personal representative
Arkansas Legal Code

Section 28-51-106 - Purchase by personal representative

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A personal representative shall not purchase property of the estate unless sold at public sale and approved by the court after a hearing on confirmation of the sale, notice of the hearing having been given to the distributees, and then only if the personal representative is a spouse, parent, descendant, brother, or sister of the decedent, or at the time of the sale is, and at the time of the death of the decedent was, the owner of an interest in the property.Acts 1949, No. 140, § 131; A.S.A. 1947, § 62-2708.