Indiana § 29-1-15-4 Order not granted; bond given by interested person

Indiana Statutes

§ 29-1-15-4 — Order not granted; bond given by interested person

Indiana § 29-1-15-4

Art. 1PROBATE CODE

Ch. 15Sales, Mortgages, Leases, Exchanges─Personal and

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Bluebook

Ind. Code § 29-1-15-4 (2026).

Text

An order authorizing a personal representative
to sell, mortgage or lease real or personal property for the payment of
obligations of the estate shall not be granted if any of the persons
interested in the estate shall execute and file in the court a bond in such
sum and with such sureties as the court may approve, conditioned to
pay all obligations of the estate to the extent that the other property of
the estate is insufficient therefor, within such time as the court shall
direct. An action may be maintained on such bond by the personal
representative on behalf of any person interested in the estate who is
prejudiced by breach of any obligation of the bond.
Formerly: Acts 1953, c.112, s.1504.

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An order authorizing a personal representative
to sell, mortgage or lease real or personal property for the payment of
obligations of the estate shall not be granted if any of the persons
interested in the estate shall execute and file in the court a bond in such
sum and with such sureties as the court may approve, conditioned to
pay all obligations of the estate to the extent that the other property of
the estate is insufficient therefor, within such time as the court shall
direct. An action may be maintained on such bond by the personal
representative on behalf of any person interested in the estate who is
prejudiced by breach of any obligation of the bond.
Formerly: Acts 1953, c.112, s.1504.