Arkansas Statutes

§ 28-51-302 — Valuation

Arkansas § 28-51-302

This text of Arkansas § 28-51-302 (Valuation) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ark. Code Ann. § 28-51-302 (2026).

Text

(a)Before a personal representative shall sell real property, he or she shall have it valued by a certified appraiser, a licensed real estate agent or broker, or another real estate professional.
(b)The evaluator shall value the real property at its full and fair value and immediately deliver the valuation certified by him or her under oath to the personal representative.
(c)The valuation shall be filed with the clerk prior to or contemporaneously with the order authorizing the sale.
(d)In connection with a hearing on the petition for the order of sale, or prior to the hearing, upon proper notice, the court, upon evidence heard, may approve, modify, or reject the valuation.

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Legislative History

Amended by Act 2023, No. 326,§ 6, eff. 8/1/2023. Acts 1949, No. 140, § 139; A.S.A. 1947, § 62-2716; Acts 1995, No. 406, § 1.

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Bluebook (online)
Arkansas § 28-51-302, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/28-51-302.