Sec. 4. An order authorizing a personal representative to sell, mortgage or lease real or personal property for the payment of obligations of the estate shall not be granted if any of the persons interested in the estate shall execute and file in the court a bond in such sum and with such sureties as the court may approve, conditioned to pay all obligations of the estate to the extent that the other property of the estate is insufficient therefor, within such time as the court shall direct. An action may be maintained on such bond by the personal representative on behalf of any person interested in the estate who is prejudiced by breach of any obligation of the bond.
Formerly: Acts 1953, c.112, s.1504.
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