Sec. 14. The value of the property for the purposes of a sale of real property pursuant to section 3 and subsequent sections of this chapter shall be the fair market value filed with the inventory unless the court directs that the property be appraised or reappraised, as the case may be. In the event appraisal is ordered by the court, or in the case of a lease pursuant to such sections of the probate code, the property shall be appraised at its fair market value or its fair market rental value, as the case may be, in a manner considered appropriate by the court.
Formerly: Acts 1953, c.112, s.1514; Acts 1975, P.L.288, SEC.31.
Structure Indiana Code
Chapter 15. Sales, Mortgages, Leases, Exchanges─personal and Real Property
29-1-15-1. Priorities; Wills; Orders of Court
29-1-15-2. Powers Under Will; Optional Procedure
29-1-15-3. Payment of Claims, Expenses, and Taxes; Distribution of Estate
29-1-15-4. Order Not Granted; Bond Given by Interested Person
29-1-15-6. Purchasers, Mortgagees, Pledgees, or Lienors; Allowance of Claims
29-1-15-7. Collateral Attack; Irregularity in Proceedings
29-1-15-8. Petition; Stock; Bonds; Securities
29-1-15-9. Perishable Properties; Family Allowance; Title to Property; Approval
29-1-15-10. Unit Sales, Mortgages, or Leases
29-1-15-11. Petition; Sale, Mortgage, or Lease of Real Property; Order of Court
29-1-15-12. Conflicting Titles; Process and Notice
29-1-15-14. Fair Market Value; Appraisal; Reappraisal
29-1-15-15. Real Property Sales; Notice
29-1-15-17. Execution of Conveyance or Lease; Certified Copy of Order; Power Given Under Will
29-1-15-18. Forms for Conveyances
29-1-15-19. Irregularity or Defect in Proceedings; Guardians; Good Faith Purchasers
29-1-15-20. Lien of State for Inheritance or Estate Taxes