Rhode Island § 33-9-8 § 33-9-8. Redemption or sale of incumbered property.

Rhode Island Statutes

§ 33-9-8 — § 33-9-8. Redemption or sale of incumbered property.

Rhode Island·Title 33 Probate practice and procedure·Ch. 33-9 Collection and Management of Decedentsâ€™ Estates

§ 33-9-8. Redemption or sale of incumbered property.
The executor or administrator, if there be sufficient assets, may redeem all property
            of the deceased under mortgage, pledge, or levy, the redemption of which would increase
            the value of the estate, or he or she may sell the property subject to incumbrance;
            and the executor or administrator shall in that case first obtain the advice and direction
            of the probate court as to whether he or she shall redeem or sell the property subject
            to incumbrance, and failure to comply with the advice and direction shall be deemed
            maladministration and waste.
         

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§ 33-9-8. Redemption or sale of incumbered property.

The executor or administrator, if there be sufficient assets, may redeem all property of the deceased under mortgage, pledge, or levy, the redemption of which would increase the value of the estate, or he or she may sell the property subject to incumbrance; and the executor or administrator shall in that case first obtain the advice and direction of the probate court as to whether he or she shall redeem or sell the property subject to incumbrance, and failure to comply with the advice and direction shall be deemed maladministration and waste.

Rhode Island § 33-9-8 (§ 33-9-8. Redemption or sale of incumbered property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.