59-1404. Realty acquired. - Kansas Statutes

59-1404

Chapter 59.--PROBATE CODE Article 14.--MANAGEMENT AND SALE OF ASSETS

      59-1404.   Realty acquired.When a foreclosure sale or a sale on execution for the recovery of adebt due the estate is had, or redemption is made, the executor oradministrator shall receive the money paid and execute the necessarysatisfaction or release. If bid in by the executor or administrator, thereal estate shall be treated as personal property, but any sale or leaseshall be made pursuant to article 23. If not so sold the real estate, andif so sold or leased the proceeds, shall be assigned or distributed to thesame persons and in the same proportions as if it had been a part of thepersonal property of the decedent.

      History:   L. 1939, ch. 180, § 102; July 1.