§ 30-1-2-1 — Stocks; bonds; securities

Whenever any trust, or any decedent's estate, or
any property subject to the control of any executor, administrator,
trustee, guardian or other fiduciary shall consist, in whole or in part, of
the corporate stock, bonds or other securities of any corporation, public
or private, which the fiduciary is required or authorized to sell, and
which are listed or admitted to trading on the New York Stock
Exchange, the New York Curb Exchange, the Chicago Stock Exchange,
or the San Francisco Stock Exchange, or which are securities which are
obligations of the government of the United States, such securities may
be sold by such fiduciary under the direction of the proper court for
cash at the market price of such securities at the time of sale, whether
such price be more or less than the appraised or inventory value of such
securities. Such sale may be without notice and without any
requirement for the reappraisement of such securities.
Formerly: Acts 1947, c.351, s.1.