Deposit of funds
Sec. 15. Whenever it is consistent with a proper administration of
the estate, the personal representative may deposit, as a fiduciary, the
funds of the estate in a bank in this state as a general deposit, either
in a checking account or in a savings account. If the personal
representative is a bank or trust company, it may make such deposit
in its own bank.
(Formerly: Acts 1953, c.112, s.1315.)
Last modified: May 27, 2006