28A-17-11. Personal representative may lease or mortgage.
In lieu of asking for an order of sale of real property, the personal representative may request the clerk of superior court to issue to the personal representative an order to lease or to mortgage real property of the decedent. The clerk of superior court is authorized to issue an order to lease or mortgage on such terms as the clerk deems to be in the best interest of the estate. (1913, c. 49, s. 1; C.S., s.75; 1927, c. 222, s. 1; 1973, c. 1329, s. 3; 2011-344, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 28A - Administration of Decedents' Estates
Article 17 - Sales, Leases or Mortgages of Real Property.
§ 28A-17-1 - Sales of real property.
§ 28A-17-2 - Contents of petition for sale.
§ 28A-17-3 - Petition for partition.
§ 28A-17-4 - Heirs and devisees necessary parties.
§ 28A-17-5 - Property subject to sale; conveyance by deceased in fraud of creditors.
§ 28A-17-6 - Adverse claimant to be heard; procedure.
§ 28A-17-7 - Order granted if petition not denied; public or private sale; procedure for sale.
§ 28A-17-8 - Under power in will, sales public or private.
§ 28A-17-9 - Death of vendor under contract; representative to convey.
§ 28A-17-10 - Title in personal representative for estate; he or successor to convey.
§ 28A-17-11 - Personal representative may lease or mortgage.
§ 28A-17-12 - Sale, lease or mortgage of real property by heirs or devisees.