Indiana § 29-1-7-15.2 Sale of real property; permitted use of proceeds

Indiana Statutes

§ 29-1-7-15.2 — Sale of real property; permitted use of proceeds

Indiana § 29-1-7-15.2

Art. 1PROBATE CODE

Ch. 7Probate and Grant of Administration

This text of Indiana § 29-1-7-15.2 (Sale of real property; permitted use of proceeds) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 29-1-7-15.2 (2026).

Text

2.

(a)This section applies to real property subject to section 15.1(b) of this chapter, if the personal representative sells the real property to:

(1)satisfy a lien of record in the county in which the real property is located;

(2)pay costs of administration; or

(3)use the sale proceeds for any other payment or distribution approved by the written consent of a majority in interest of the distributees under IC 29-1-10-21.

(b)The proceeds of the sale of real property described in subsection

(a)will retain the same protection that section 15.1(b) of this chapter provides to real property with respect to payment of any debt or obligation of the deceased person not described in subsection (a).

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2. (a) This section applies to real property
subject to section 15.1(b) of this chapter, if the personal representative
sells the real property to:
(1) satisfy a lien of record in the county in which the real property
is located;
(2) pay costs of administration; or
(3) use the sale proceeds for any other payment or distribution
approved by the written consent of a majority in interest of the
distributees under IC 29-1-10-21.
(b) The proceeds of the sale of real property described in subsection
(a) will retain the same protection that section 15.1(b) of this chapter
provides to real property with respect to payment of any debt or
obligation of the deceased person not described in subsection (a).