Personal Representative Not to Purchase Claims Against

Estate; All Sales of Estate Property to Personal Representative Subject to Confirmation; Credit in Accounts for Claims Paid for Less Than Full Amount. (a) No personal representative may purchase any claim against the estate, directly or indirectly, or be interested in any such purchase. (b) The personal representative may purchase property of the estate; provided, that all applicable provisions of Chapter 23 of this Title, except the exemption set forth in the first sentence of Section 2315(a) of this Title, shall apply to sales of estate property to the personal representative. (c) If the personal representative pays any claim for less than its full amount he may have credit in his accounts only for the amount actually paid. SOURCE: Subsections (a) and (c): Probate Code of Guam (1970), § 583. Subsection (b): Guam Law Revision Commission. COMMENT: Section 583 of the Probate Code of Guam (1970) prohibited the personal representative from purchasing any property of the estate. The Commis- sion is of the opinion that there is no legitimate reason for this absolute prohibition, so long as the Superior Court of Guam must confirm all such sales. The Commis- sion has thus added subsection (b), which provides that every sale of estate property to the personal representative -- even of property whose sale would not re- quire confirmation by the court under Chapter 23 -- must be confirmed by the Superior Court of Guam.