§ 30-1-2-2 — Securities not listed; terms

Whenever any decedent's estate or any property
subject to the control of any executor, administrator, or guardian, shall
consist, in whole or in part, of securities of any corporation, public or
private, which the fiduciary is required or authorized to sell and which
are not listed or admitted to trade on one (1) of the exchanges
enumerated in section 1 of this chapter, such securities may be sold by
such fiduciary in the same manner and upon the same terms as other
personal property of a decedent's estate or guardianship may be sold.
Formerly: Acts 1947, c.351, s.2. As amended by Acts 1982,
P.L.171, SEC.86.