§ 33-20-5. Orders for management or sale of property.
The court may make orders for the care, custody, leasing, and investing of the property and its proceeds. The court may order livestock or perishable property, or any property, which cannot be kept without great and disproportionate expense, to be sold at public or private sale. The court may, upon petition of the receiver, and after the notice as is required in case of sale of real estate by executors and administrators, order all or any part of the real and personal estate of the absentee to be sold at public or private sale to supply money for the payments authorized by §§ 33-20-1 — 33-20-7 or for reinvestment approved by the court. The court, on petition with notice, if satisfied that the action will not be prejudicial to the interests of the estate, may authorize the petitioner to become the purchaser of the real estate, at public or private sale; provided, however, that, in any instance, if the sale is made by private contract, the sale shall be made for not less than the sum fixed by the court in its decree authorizing the sale.
History of Section.C.P.A. 1905, § 930; G.L. 1909, ch. 315, § 4; G.L. 1923, ch. 366, § 4; G.L. 1938, ch. 581, § 4; G.L. 1956, § 33-20-5; P.L. 1968, ch. 94, § 1.
Structure Rhode Island General Laws
Title 33 - Probate Practice and Procedure
Chapter 33-20 - Absentees’ Estates
Section 33-20-1. - Grounds for appointment of receiver.
Section 33-20-2. - Notice as to appointment of receiver.
Section 33-20-3. - Wartime meaning of last known address.
Section 33-20-4. - Show of cause against appointment of receiver — Receiver’s bond.
Section 33-20-5. - Orders for management or sale of property.
Section 33-20-6. - Maintenance of wife and children — Payment of debts.
Section 33-20-7. - Compensation of and disbursements by receiver.
Section 33-20-8. - Conservatorship for military absentee.
Section 33-20-9. - Person appointed as conservator — Bond — Powers.