41 chapters · 852 sections in this title.
Ark. Code Ann. § 28-51-101 No priority between real and personal property
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(a) In determining what property of the estate shall be sold, mortgaged, leased, or exchanged for any purpose provided in § 28-51-103, there shall be no priority as between real and personal property except as provided by the will, if any, or by order of the court or by the provi…
Ark. Code Ann. § 28-51-102 Grant of power in will
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When power to sell, mortgage, lease, or exchange property of the estate has been given to a personal representative under the terms of a will, the personal representative may proceed under the power, or, consistent with the provisions of the will, may proceed under the provisions…
Ark. Code Ann. § 28-51-103 Transfers pursuant to court orders
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(a) Real or personal property belonging to an estate may be sold, mortgaged, leased, or exchanged under court order when necessary for any of the following purposes:(1) For the payment of claims;(2) For the payment of a legacy given by the will of the decedent;(3) For the preserv…
Ark. Code Ann. § 28-51-104 Sale of a homestead
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The homestead of a decedent, while it remains the homestead of his or her spouse or minor children, shall not be sold by a personal representative for the payment of debts of the decedent.
Ark. Code Ann. § 28-51-105 Terms of sale
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(a) In all sales of real or personal property, the court may authorize credit to be extended by the personal representative for a period not exceeding ten (10) years from the date of the sale and for an amount not exceeding ninety percent (90%) of the purchase price, the payment …
Ark. Code Ann. § 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 spo…
Ark. Code Ann. § 28-51-107 Purchase by holder of lien
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(a) At any sale of real or personal property upon which there is a mortgage, pledge, or other lien, the holder thereof may become the purchaser and, unless the property is being sold subject to the lien, may apply the amount of his or her lien on the purchase price in the followi…
Ark. Code Ann. § 28-51-108 Exchange of property
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Whenever it shall appear upon the petition of the personal representative or of an interested person to be for the best interest of the estate to exchange any real or personal property of the estate for other property, the court may authorize the exchange upon such terms and cond…
Ark. Code Ann. § 28-51-109 Validity of proceedings — Appeals
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(a) (1) The findings of fact and conclusions of law essential to the validity of a sale, mortgage, lease, exchange, or conveyance of property of an estate by a personal representative, as contained in an order authorizing the sale or other disposition, or in an order confirming t…
Ark. Code Ann. § 28-51-201 Sale, mortgage, lease, or exchange
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(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 acti…
Ark. Code Ann. § 28-51-202 Sale of perishable property
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Perishable personal property may be sold by the personal representative without an order of the court. However, the personal representative shall be responsible for the actual value of the property unless he or she shall promptly file a report of the sale and obtain the court's a…
Ark. Code Ann. § 28-51-203 Sale, mortgage, or lease of real and personal property as a unit
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Whenever in the discretion of the court it is for the best interest of the estate, real and personal property of the estate may be sold, mortgaged, or leased as a unit, but the provisions of the Probate Code with respect to the sale, mortgage, or lease of real property shall appl…
Ark. Code Ann. § 28-51-301 Sale, mortgage, or lease
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(a) (1) Upon petition of a personal representative, the court having jurisdiction of the administration of the estate may order the sale, mortgage, or lease of real property of the estate, or timber thereon located, or oil, gas, or other minerals or mineral rights or interests ap…
Ark. Code Ann. § 28-51-302 Valuation
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(a) Before a personal representative shall sell real property, he or she shall have it valued by a certified appraiser, a licensed real estate agent or broker, or another real estate professional. (b) The evaluator shall value the real property at its full and fair value and imme…
Ark. Code Ann. § 28-51-303 Order for sale, mortgage, or lease
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(a) The order for sale, mortgage, or lease shall describe the property to be sold, mortgaged, or leased and may designate the sequence in which the several parcels shall be sold, mortgaged, or leased. (b) (1) The order shall contain appropriate provisions with respect to the bond…
Ark. Code Ann. § 28-51-304 Sales at public auction
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(a) (1) In all sales of real property at public auction, the personal representative shall give notice of the sale, particularly describing the property to be sold, and stating the time, place, and terms of sale.(2) The notice shall be printed one (1) time a week for three (3) co…
Ark. Code Ann. § 28-51-305 Report and confirmation
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(a) Within ten (10) days after making any sale, mortgage, or lease of real property, the personal representative shall make a verified report to the court of his or her proceeding, with proof of publication or posting in case the sale is made at public auction. The report shall s…
Ark. Code Ann. § 28-51-306 Execution of conveyance — Recordation
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(a) Upon the confirmation of any sale, mortgage, or lease in accordance with § 28-51-305, the personal representative shall execute, acknowledge, and deliver a conveyance to the grantee or mortgagee or join the lessee in the execution of a lease according to the order of confirma…
Ark. Code Ann. § 28-51-307 Expenses of sale
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In connection with the sale, mortgage, lease, or exchange of property, the court may authorize the personal representative to pay, out of the proceeds realized or out of the estate, the customary and reasonable auctioneers' and brokers' fees and any necessary expenses for abstrac…
Ark. Code Ann. § 28-51-308 Platting and dedication
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When it is for the best interest of the estate in order to dispose of real property, the court, upon application by the personal representative or other interested person, may authorize the personal representative, either alone or together with other owners, to plat any land belo…
Ark. Code Ann. § 28-51-309 Waiver of landlord's lien
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In order to enable a lessee, tenant, or sharecropper on lands of the estate to obtain money, advances, or supplies with which to plant, cultivate, or harvest crops growing or to be grown on lands of the estate, a personal representative, upon the authorization of or approval by t…