2113.40 Sale of personal property. - Ohio Statutes

2113.40 Sale of personal property.

At any time after the appointment of an executor or administrator, the probate court, when satisfied that it would be for the best interests of the estate, may authorize such executor or administrator to sell at public or private sale, at a fixed price or for the best price obtainable, and for cash or on such terms as the court may determine, any part or all of the personal property belonging to the estate, except:

(A) Such property as the surviving spouse desires to take at the appraised value;

(B) Property specifically bequeathed, when sale of such property is not necessary for the payment of debts, provided that such property may be sold with the consent of the person entitled thereto, including executors, administrators, guardians, and trustees;

(C) Property as to which distribution in kind has been demanded prior to the sale by the surviving spouse or other beneficiary entitled to such distribution in kind;

(D) Property which the court directs shall not be sold pursuant to a wish expressed by the decedent in his will; but at any later period, on application of a party interested, the court may, and for good cause shall, require such sale to be made.

In case of sale before expiration of the time within which the surviving spouse may elect to take at the appraised value, not less than ten days’ notice of such sale shall be given to the surviving spouse, unless such surviving spouse consents to such sale or waives notice thereof. Such notice shall not be required as to perishable property.

The court may permit the itemized list of personal property being sold to be incorporated in documents and records relating to the sale, by reference to other documents and records which have been filed in the court. Provided that a court order shall not be required to permit the public sale of personal goods and chattels.

Effective Date: 10-01-1953