Exchange of property; terms and conditions
Sec. 23. Whenever it shall appear upon the petition of the
personal representative or of any person interested in the estate to be
to the best interests of the estate to exchange any real or personal
property of the estate for other property, the court may authorize the
exchange upon such terms and conditions as it may prescribe, which
may include the payment or receipt of part cash by the personal
representative. If personal property of the estate is to be exchanged,
the proceedings required for the sale of such property shall apply so
far as may be; if real property of the estate is to be exchanged, the
procedure for the sale of such property shall apply so far as may be.
(Formerly: Acts 1953, c.112, s.1523.)
Last modified: May 27, 2006