Illinois Statutes
§ 12-156 — Representative may purchase realty
Illinois·Topic RIGHTS AND REMEDIES·Ch. 735 CIVIL PROCEDURE·Act 735 ILCS 5/ Code of Civil Procedure.·Art. Article XII - Judgments - Enforcement
When it is necessary in order to secure the collection of a judgment belonging to any estate the executor or administrator shall bid for and become the purchaser of real estate at the sale thereof by the sheriff, or other officer. The premises so purchased shall be assets in his or her possession, and may be again sold by him or her, with the approval of the circuit court, and the moneys arising from such sale shall be accounted for and paid over as other moneys in his or her possession.
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Illinois § 12-156 (Representative may purchase realty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 82-280.)
Nearby Sections
15
§ 12-1001
Personal property exempt§ 12-1001.1
Automatic exemption§ 12-1002
Schedule of property§ 12-1003
When family entitled to exemptions§ 12-1004
Judgment for wages§ 12-1006
Exemption for retirement plans§ 12-101
Lien of judgment§ 12-102
Judgment against partnership§ 12-103
Representative capacity§ 12-104
Time of restraint deducted§ 12-105
Definition of "real estate"§ 12-106
Enforcement in other counties§ 12-107
Incarceration of judgment debtor§ 12-107.5
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