Arkansas Statutes

§ 28-52-101 — Liability of personal representative

Arkansas·Title 28
(a)Property of the Estate. A personal representative shall be liable for and chargeable in his or her accounts with all of the estate of the decedent which, at any time, comes into his or her possession, including income therefrom. However, he or she shall not be:
(1)Accountable for any debts due the decedent or other assets of the estate which, without his or her fault, remain uncollected;
(2)Entitled to any profit by the increase of the estate or value thereof; and (3) Chargeable for any loss of, damage to, or decrease in value of the estate which occurs without his or her fault.
(b)Property Not a Part of Estate. A personal representative shall be chargeable in his or her accounts with property not a part of the estate which comes into his or her hands at any time and shall be liable

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Related

Taylor v. Woods
282 S.W.3d 285 (Court of Appeals of Arkansas, 2008)
11 case citations
Warren v. Tuminello
898 S.W.2d 60 (Court of Appeals of Arkansas, 1995)
7 case citations

Legislative History

Acts 1949, No. 140, § 147; A.S.A. 1947, § 62-2801.

Nearby Sections

15
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