Ind. Code § 29-1-7-15.2
Sale of real property; permitted use of proceeds
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 15.2. (a) This section applies to real estate subject to section 15.1(b) of this chapter, if all distributees consent to the sale of the real estate under IC 29-1-10-21.
Sec. 15.2. (a) This section applies to real property subject to section 15.1(b) of this chapter, if the personal representative sells the real property to:
(1) satisfy a lien of record in the county in which the real property is located;
(2) pay costs of administration; or
(3) use the sale proceeds for any other payment or distribution approved by the written consent of a majority in interest of the distributees under IC 29-1-10-21.
(b) The proceeds of the sale of real estate described in subsection (a) will retain the same protection that section 15.1(b) of this chapter provides to real estate. Such proceeds can only be used to satisfy a debt or obligation of the deceased person or costs of administration of the decedent's estate if the distributees consent to the personal representative's use of the proceeds to satisfy the debts, obligations, or costs of administration.
(b) The proceeds of the sale of real property described in subsection (a) will retain the same protection that section 15.1(b) of this chapter provides to real property with respect to payment of any debt or obligation of the deceased person not described in subsection (a).
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.