§ 29-1-10-19 — Termination of authority; validity of prior acts

All acts of personal representatives whose
authority shall subsequently be terminated because an estate found to
be intestate is later found to be testate, or vice versa, because of a
revocation of letters, or for any other cause, which acts were lawful
when performed, according to the authority under which such personal
representative was acting, shall be valid insofar as concerns the rights
and liabilities of a purchaser, lessee, or encumbrancer, for value in
good faith or a personal representative who has acted in good faith. No
person delivering or transferring property to a personal representative
or to any other person by authority of the letters issued to such personal
representative or upon court order or pursuant to a will under which
such a personal representative is acting, shall be held accountable by
virtue of such acts performed prior to such termination of authority if
such acts were lawful in accordance with the apparent authority of such
letters, court order or will.
Formerly: Acts 1953, c.112, s.1019.