(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, the personal representative, upon order of the court, may complete the payments out of assets in his or her hands, and the property shall be disposed of as other property of the estate.
(b) If the court finds that completion of the payments would not be beneficial to the estate or would be injurious to the creditors, the court may order the personal representative to sell all of the right, title, interest, and claim of the decedent in and to the property.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 4 - Administration Of Decedents' Estates
Chapter 49 - Management Of Assets
§ 28-49-101. Possession by personal representative
§ 28-49-102. Treatment of certain property as real or personal
§ 28-49-103. Discovery of assets
§ 28-49-105. Recovery for property embezzled or converted
§ 28-49-106. Abandonment of property
§ 28-49-107. Property not paid for
§ 28-49-108. Mortgaged property
§ 28-49-109. Fraudulent conveyances
§ 28-49-112. Continuation of business
§ 28-49-113. Power to borrow money
§ 28-49-114. Performance of decedent's contracts of sale