41 chapters · 852 sections in this title.
Ark. Code Ann. § 28-48-304 Accounting to regular personal representative
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Upon the appointment of a general personal representative in an estate for which the public administrator is acting, the administrator shall account for and deliver to the general personal representative all of the property of the estate in his or her hands.
Ark. Code Ann. § 28-48-305 Expiration of sheriff's term
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If, at the expiration of his or her term of office, a sheriff is acting as public administrator of any estate, he or she shall conclude the administration of the estate within six (6) months of the expiration of his or her term if possible. Otherwise, he or she shall file his or …
Ark. Code Ann. § 28-49-101 Possession by personal representative
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(a) A personal representative shall have the right to, and shall, take possession of all of the personal property of the estate of the decedent, subject to the rights of dower and curtesy and statutory allowances of the surviving spouse or minor children, if any. (b) (1) Real pro…
Ark. Code Ann. § 28-49-102 Treatment of certain property as real or personal
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(a) Unless foreclosure has been completed by the decedent and the redemption period has expired prior to his or her death, real property mortgages, the interest in the mortgaged premises conveyed thereby, and the debt secured thereby which come into the hands of the personal repr…
Ark. Code Ann. § 28-49-103 Discovery of assets
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(a) If a personal representative or other person interested in the estate files with the court an affidavit stating that the affiant has good cause to believe that any person named in the affidavit has knowledge concerning or possession of any real or personal property or of any …
Ark. Code Ann. § 28-49-104 Settlements
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(a) When it appears to be for the best interest of the estate, or in the case of an action for wrongful death, for the best interest of the estate or widow and next of kin, the personal representative, upon the authorization of or approval by the court, may effect a compromise se…
Ark. Code Ann. § 28-49-105 Recovery for property embezzled or converted
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If any person embezzles or converts to his or her own use any of the personal property of a decedent before the appointment of a personal representative, the person shall be liable to the estate for the value of the property so embezzled or converted. No person shall be charged a…
Ark. Code Ann. § 28-49-106 Abandonment of property
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When any property is valueless, or is so encumbered, or is in such condition that it is of no benefit to the estate, the court may order the personal representative to abandon it.
Ark. Code Ann. § 28-49-107 Property not paid for
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(a) If a decedent has purchased any real or personal property and has neither completed the payments therefor, nor devised the property, nor provided by will for payment therefor, and the completion of the payments would be beneficial to the estate and not injurious to creditors,…
Ark. Code Ann. § 28-49-108 Mortgaged property
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(a) If a decedent has mortgaged any real or personal property, or has pledged any personal property, or at the time of his or her death owns an equity of redemption, and he or she has neither devised the property nor provided by will for the redemption thereof, the court may orde…
Ark. Code Ann. § 28-49-109 Fraudulent conveyances
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(a) A personal representative of a grantor who has fraudulently conveyed or transferred any interest in real or personal property with intent to delay his or her creditors in the collection of their just demands may apply to a court of competent jurisdiction to have the conveyanc…
Ark. Code Ann. § 28-49-110 Inventories
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(a) (1) Except as provided in this section, within two (2) months after his or her qualification or as the court may direct, a personal representative shall file a true and complete inventory of all property owned by the decedent at the time of his or her death, except such inter…
Ark. Code Ann. § 28-49-111 Debt of executor
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Nomination in a will of any person as executor shall not operate as a discharge or bequest of any right of action which the testator had against the executor, but the right of action, if it survives, shall be included in the inventory among the assets of the decedent.
Ark. Code Ann. § 28-49-112 Continuation of business
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(a) (1) Unless a testator shall otherwise direct by his or her last will and testament, a personal representative shall have authority to continue any business in which the decedent may have been engaged at the time of death for a period not exceeding one (1) month following the …
Ark. Code Ann. § 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 §§ 2…
Ark. Code Ann. § 28-49-114 Performance of decedent's contracts of sale
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(a) When a decedent shall have entered into a contract for the conveyance of real property or sale of specific personal property which was not performed during his or her lifetime, the court, upon petition of the personal representative, the purchaser, or other interested person,…
Ark. Code Ann. § 28-49-115 Investment of funds
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Subject to his or her primary duty to preserve the estate for prompt distribution and to the terms of the will, if any, the personal representative, whenever it is reasonable to do so, shall invest the funds of the estate and make them productive. The investments shall be restric…
Ark. Code Ann. § 28-49-116 Bank deposits
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A personal representative may, and when ordered by the court shall, deposit, as a fiduciary, the funds of the estate in a bank or banks of this state, as a general deposit, either in a checking account or a savings account.
Ark. Code Ann. § 28-49-117 Authority to execute joint tax returns
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(a) Except as otherwise directed by the decedent in his or her will, upon petition of a personal representative or guardian of the estate of an incompetent person, the personal representative or guardian shall have the authority, when authorized by the court:(1) To join with the …
Ark. Code Ann. § 28-50-101 Limitations on filing of claims
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(a) Statute of Nonclaim. (1) Except as provided in §§ 28-50-102 and 28-50-110, all claims against a decedent's estate, other than expenses of administration and claims of the United States which, under valid laws of the United States, are not barrable by a statute of nonclaim, bu…
Ark. Code Ann. § 28-50-102 Commencement or revival of actions
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(a) The provisions of § 28-50-101 shall not preclude the commencement or continuance of separate actions against the personal representative as such for the debts and other liabilities of the decedent, if commenced or revived within the periods stated in § 28-50-101. (b) Any acti…
Ark. Code Ann. § 28-50-103 Form and verification of claims
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(a) No claim shall be allowed against an estate on application of the claimant unless it shall be in writing, describe the nature and the amount of the claim, if ascertainable, and be accompanied by the affidavit of the claimant or someone for him or her that the amount is justly…
Ark. Code Ann. § 28-50-104 Presentation and filing of claims
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(a) (1) A person having a claim against an estate may present it to the personal representative, properly verified, for approval.(2) The personal representative shall endorse upon the claim the date of the presentation to him or her, his or her approval or disapproval of the clai…
Ark. Code Ann. § 28-50-105 Allowance of claims
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(a) (1) Except as provided in subsections (b) and (c) of this section, no claimant shall be entitled to payment unless his or her claim shall have been duly filed with and allowed by the court.(2) Except in the case of the personal representative's own claim, any claim which is a…
Ark. Code Ann. § 28-50-106 Classification and payment of claims
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(a) At the time of their allowance, all claims shall be classified in one (1) of the following classes, and, if the applicable assets of the estate are insufficient to pay all claims, the personal representative shall make payment in the following order:(1) Costs and expenses of …
Ark. Code Ann. § 28-50-107 Claims of personal representative
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A personal representative may establish a claim he or she may have against the estate by filing the claim with the court. Upon a hearing after such notice as it shall direct and if satisfied as to the validity of the claim, the court shall enter an order allowing it.
Ark. Code Ann. § 28-50-108 Claims not due
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(a) Upon proof of a claim which will become due at some future time, the amount of which is capable of ascertainment, the court shall allow it at the present value of the claim, and payment may be made as in the case of an absolute claim which has been allowed. (b) However, if th…
Ark. Code Ann. § 28-50-109 Secured claims
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(a) If a claim is secured, in whole or in part, the security shall be described in the proof of claim. (b) Written instruments evidencing the security shall be subject to the provisions of § 28-50-103 relative to written instruments upon which a claim is founded. However, if the …
Ark. Code Ann. § 28-50-110 Contingent claims
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(a) (1) Contingent claims which cannot be allowed as absolute debts may, nevertheless, be filed in the court and proved.(2) If allowed as a contingent claim, the order of allowance shall state the nature of the contingency.(3) If the claim becomes absolute before distribution of …
Ark. Code Ann. § 28-50-111 Payment of contingent claims by distributees — Contribution
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(a) If a contingent claim shall have been presented and allowed against an estate and all the assets of the estate including the fund, if any, set apart for the payment thereof shall have been distributed, and the claim shall thereafter become absolute, then the creditor shall ha…
Ark. Code Ann. § 28-50-112 Compromise of claims
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When a claim against the estate has been filed or suit thereon is pending, if it appears to be in the best interest of the estate and subject to the court's authorization or approval, the creditor and personal representative may compromise the claim whether due or not due, absolu…
Ark. Code Ann. § 28-50-113 Payment of claims
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(a) Upon expiration of six (6) months after the date of the first publication of notice to creditors and the final adjudication of all claims filed against the estate, the personal representative shall proceed to pay the claims allowed against the estate in accordance with the pr…
Ark. Code Ann. § 28-50-114 Execution and levies prohibited
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(a) No execution shall issue upon nor shall any levy be made against any property of the estate under any judgment against a decedent or a personal representative. (b) However, the provisions of this section shall not be construed to prevent the enforcement of mortgages, pledges,…
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…