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 §§ 28-51-201 and 28-51-301.
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