☰ Revisor of Missouri

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 473

Effective - 28 Aug 1957 bottom

  473.487.  Sale, mortgage or lease of personal property. — An executor or administrator may file a petition to sell, mortgage or lease any personal property belonging to the estate.  The petition shall set forth the reasons for the application and describe the property involved.  The petition may be heard with or without notice as the court directs.  Notice of the hearing, if required, shall state briefly the nature of the application and shall be given as provided in section 472.100.  The court may order the sale, mortgage or lease of the property described or any part thereof, on the most advantageous terms obtainable.  No report or confirmation of the transaction is necessary unless required by the court; but no privately negotiated sale, mortgage or lease made under this section is valid unless prior authorization or subsequent approval of the court is secured.

­­--------

(L. 1955 p. 385 § 177, A.L. 1957 p. 829)


---- end of effective   28 Aug 1957 ----

use this link to bookmark section  473.487


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Pictures Contact

Other Links
Oversight MOLIS Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@22:39:15.7 34 :)