When a foreclosure sale or a sale on execution for the recovery of a debt due the
estate is had, or redemption is made, the executor or administrator shall receive
the money paid and execute the necessary satisfaction or release. If bid in by the executor or administrator, the real estate shall be treated as personal
property, but any sale or lease shall be made pursuant to article 23. If not so sold the real estate, and if so sold or leased the proceeds, shall be assigned
or distributed to the same persons and in the same proportions as if it had been a
part of the personal property of the decedent.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.