Arkansas Code Title 28, Subtitle 4, Chapter 49 - Management of Assets

• § 28-49-101 - Possession by Personal Representative.
  (a) A personal representative shall have the right to, and shall, take possession of all of the personal property of the estate of the...
• § 28-49-102 - Treatment of Certain Property As Real or Personal.
  (a) Unless foreclosure has been completed by the decedent and the redemption period has expired prior to his or her death, real property mortgages,...
• § 28-49-103 - Discovery of Assets.
  (a) If a personal representative or other person interested in the estate files with the court an affidavit stating that the affiant has good...
• § 28-49-104 - Settlements.
  (a) When it appears to be for the best interest of the estate, or in the case of an action for wrongful death, for...
• § 28-49-105 - Recovery for Property Embezzled or Converted.
  If any person embezzles or converts to his or her own use any of the personal property of a decedent before the appointment of...
• § 28-49-106 - Abandonment of Property.
  When any property is valueless, or is so encumbered, or is in such condition that it is of no benefit to the estate, the...
• § 28-49-107 - Property Not Paid For.
  (a) If a decedent has purchased any real or personal property and has neither completed the payments therefor, nor devised the property, nor provided...
• § 28-49-108 - Mortgaged Property.
  (a) If a decedent has mortgaged any real or personal property, or has pledged any personal property, or at the time of his or...
• § 28-49-109 - Fraudulent Conveyances.
  (a) A personal representative of a grantor who has fraudulently conveyed or transferred any interest in real or personal property with intent to delay...
• § 28-49-110 - Inventories.
  (a) (1) Except as provided in this section, within two (2) months after his or her qualification or as the court may direct, a...
• § 28-49-111 - Debt of Executor.
  Nomination in a will of any person as executor shall not operate as a discharge or bequest of any right of action which the...
• § 28-49-112 - Continuation of Business.
  (a) (1) Unless a testator shall otherwise direct by his or her last will and testament, a personal representative shall have authority to continue...
• § 28-49-113 - Power to Borrow Money.
  Upon a showing that such an action will be advantageous to the estate, the court may authorize the personal representative to borrow money, to...
• § 28-49-114 - Performance of Decedent's Contracts of Sale.
  (a) When a decedent shall have entered into a contract for the conveyance of real property or sale of specific personal property which was...
• § 28-49-115 - Investment of Funds.
  Subject to his or her primary duty to preserve the estate for prompt distribution and to the terms of the will, if any, the...
• § 28-49-116 - Bank Deposits.
  A personal representative may, and when ordered by the court shall, deposit, as a fiduciary, the funds of the estate in a bank or...
• § 28-49-117 - Authority to Execute Joint Tax Returns.
  (a) Except as otherwise directed by the decedent in his or her will, upon petition of a personal representative or guardian of the estate...

Last modified: November 15, 2016