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2019 Indiana Code
Title 29. Probate
Article 1. Probate Code
Chapter 7. Probate and Grant of Administration
29-1-7-15.2. Sale of real estate; permitted use of proceeds
Universal Citation: IN Code § 29-1-7-15.2 (2019)
IC 29-1-7-15.2 Sale of real estate; permitted use of proceeds
Sec. 15.2. (a) This section applies to real estate subject to section 15.1(b) of this chapter, if all distributees consent to the sale of the real estate under IC 29-1-10-21.
(b) The proceeds of the sale of real estate described in subsection (a) will retain the same protection that section 15.1(b) of this chapter provides to real estate. Such proceeds can only be used to satisfy a debt or obligation of the deceased person or costs of administration of the decedent's estate if the distributees consent to the personal representative's use of the proceeds to satisfy the debts, obligations, or costs of administration.
As added by P.L.163-2018, SEC.7.
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