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 conditions as it may direct, which may include the payment or receipt of money by the personal representative. Upon the exchange of personal property or real property, the proceedings for the sale of the respective kinds of property shall be followed as far as applicable.
Ark. Code Ann. § 28-51-108
Exchange of property
Applied in 1 court decision — leading case Bullock v. Barnes (2006)
Most recently applied in Bullock v. Barnes (May 2006)
Acts 1949, No. 140, § 146; A.S.A. 1947, § 62-2723.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.