Kansas Statutes
§ 59-1404 — Realty acquired
When a foreclosure sale or a sale on execution for the recovery of a debt due the estate is had, or redemption is made, the executor or administrator shall receive the money paid and execute the necessary satisfaction or release. If bid in by the executor or administrator, the real estate shall be treated as personal property, but any sale or lease shall be made pursuant to article 23. If not so sold the real estate, and if so sold or leased the proceeds, shall be assigned or distributed to the same persons and in the same proportions as if it had been a part of the personal property of the decedent.
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Legislative History
L. 1939, ch. 180, § 102; July 1.
Nearby Sections
15
§ 59-1001
Management; bond§ 59-1002
When administrator takes charge§ 59-1004
Sale of assets§ 59-101
Name of act§ 59-102
Definitions§ 59-104
Docket fee; authorized only by legislative enactment; poverty affidavit; additional court costs§ 59-1101
Bond requirements and conditions§ 59-1102
Approval and prosecution§ 59-1103
Joint or separate bonds