If any assets of the estate are encumbered by mortgage, pledge, lien, or other security interest, the personal representative may pay the encumbrance or any part of it, renew or extend any obligation secured by the encumbrance, or convey or transfer the assets to the creditor in satisfaction of a lien, in whole or in part, whether or not the holder of the encumbrance has presented a claim, if it appears to be for the best interest of the estate. Payment of an encumbrance does not increase the share of the distributee entitled to the encumbered assets unless the distributee is entitled to exoneration.
Section: Previous 13.16.465 13.16.470 13.16.475 13.16.480 13.16.485 13.16.490 13.16.495 13.16.500 13.16.505 13.16.510 13.16.515 13.16.520 13.16.525 13.16.530 NextLast modified: November 15, 2016