RS 9:1521 Public sale of succession property for purposes other than payment of estate debts or legacies - Louisiana Statutes

SUBPART E.  PUBLIC SALE OF SUCCESSION PROPERTY

§1521.  Public sale of succession property for purposes other than payment of estate debts or legacies

A.  The property of a succession, movable, immovable, or both, may be sold at public auction for any purpose.  There shall be no priority in the order of sale as between movable and immovable property when succession property is sold for any purpose other than the payment of estate debts or legacies.

B.  An administrator or executor desiring to sell succession property at public auction for any purpose other than the payment of estate debts or legacies shall petition the court for authority therefor, describing the property and setting forth the reasons for the sale.  When it considers the sale to be in the best interest of the succession, heirs, and succession creditors the court shall render an order authorizing the sale of the property at public auction.

C.  Except as otherwise provided in this Section, the property shall be sold in the manner provided for the sale of succession property at public auction to pay estate debts or legacies.

Added by Acts 1956, No. 387, §1; Acts 1997, No. 1421, §4, eff. July 1, 1999.