Securities not listed; terms
Sec. 2. Whenever any decedent's estate or any property subject to
the control of any executor, administrator, or guardian, shall consist,
in whole or in part, of securities of any corporation, public or private,
which the fiduciary is required or authorized to sell and which are
not listed or admitted to trade on one (1) of the exchanges
enumerated in section 1 of this chapter, such securities may be sold
by such fiduciary in the same manner and upon the same terms as
other personal property of a decedent's estate or guardianship may be
sold.
(Formerly: Acts 1947, c.351, s.2.) As amended by Acts 1982,
P.L.171, SEC.86.
Last modified: May 27, 2006