Section 2113.43 | Credit.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly In all sales of the personal property of an estate the probate court may authorize the executor or administrator to sell on credit, the unpaid purchase price to be secured by notes or bonds with two or more sureties and approved by […]
Section 2113.44 | Sale of Notes Secured by Mortgage.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly An executor or administrator, without court order, may sell and transfer, without recourse, any promissory notes secured by mortgage and the mortgage securing such notes at not less than the face value thereof with accrued interest.
Section 2113.45 | Mortgaged Premises to Be Considered Personal Assets – Possession.
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly When a mortgagee of real property, or an assignee of the mortgagee, dies without foreclosing the mortgage, the mortgaged premises and the debts secured by the mortgage shall be considered personal assets in the possession or under the control of the executor […]
Section 2113.46 | Who May Discharge Mortgage.
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly In case of the redemption of a mortgage belonging to the estate of a decedent, the money paid on the redemption shall be received by the executor or administrator, and the executor or administrator shall release and discharge the mortgage. Until that […]
Section 2113.47 | Foreclosure of Mortgage.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A mortgage belonging to an estate may be foreclosed by the executor or administrator.
Section 2113.48 | Action to Complete Contract to Sell Land.
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly When a person who has entered into a written contract for the sale and conveyance of an interest in real property dies before its completion, the executor or administrator of the decedent’s estate, if not required to otherwise dispose of the contract, […]
Section 2113.49 | Court May Order Alteration or Cancellation of Contract.
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly When a person who has entered into a written contract for the sale and conveyance of an interest in real property dies before its completion, the executor or administrator of the decedent’s estate, if not required to otherwise dispose of the contract, […]
Section 2113.50 | Completion of Decedent’s Contract to Buy Land.
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly When a person who has entered into a written contract for the purchase of an interest in real property dies before the conveyance of the interest to the person, the executor or administrator of the decedent’s estate, the surviving spouse, any heir, […]
Section 2113.51 | Property May Be Delivered to Legatee.
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly The property of an estate that is specifically bequeathed may be delivered over to the legatee entitled to the property. The legatee shall secure its redelivery on demand to the executor or administrator. Otherwise, the property shall remain in the possession or […]
Section 2113.52 | Devisee Takes Subject to Tax Lien – Exoneration of Mortgage Lien.
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly (A) A devisee taking real property under a devise in a will, unless the will otherwise provides, or an heir taking real property under the statutes of descent and distribution shall take the real property subject to all taxes, penalties, interest, and […]