IC 30-1-2-1 Stocks; bonds; securities
Sec. 1. Whenever any trust, or any decedent's estate, or any
property subject to the control of any executor, administrator, trustee,
guardian or other fiduciary shall consist, in whole or in part, of the
corporate stock, bonds or other securities of any corporation, public
or private, which the fiduciary is required or authorized to sell, and
which are listed or admitted to trading on the New York Stock
Exchange, the New York Curb Exchange, the Chicago Stock
Exchange, or the San Francisco Stock Exchange, or which are
securities which are obligations of the government of the United
States, such securities may be sold by such fiduciary under the
direction of the proper court for cash at the market price of such
securities at the time of sale, whether such price be more or less than
the appraised or inventory value of such securities. Such sale may be
without notice and without any requirement for the reappraisement
of such securities. (Formerly: Acts 1947, c.351, s.1.)
IC 30-1-2-2 Securities not listed; terms
Sec. 2. Whenever any decedent's estate or any property subject to
the control of any executor, administrator, or guardian, shall consist,
in whole or in part, of securities of any corporation, public or private,
which the fiduciary is required or authorized to sell and which are
not listed or admitted to trade on one (1) of the exchanges
enumerated in section 1 of this chapter, such securities may be sold
by such fiduciary in the same manner and upon the same terms as
other personal property of a decedent's estate or guardianship may be
sold. (Formerly: Acts 1947, c.351, s.2.) As amended by Acts 1982,
P.L.171, SEC.86.
IC 30-1-2-1 Stocks; bonds; securities
Sec. 1. Whenever any trust, or any decedent's estate, or any
property subject to the control of any executor, administrator, trustee,
guardian or other fiduciary shall consist, in whole or in part, of the
corporate stock, bonds or other securities of any corporation, public
or private, which the fiduciary is required or authorized to sell, and
which are listed or admitted to trading on the New York Stock
Exchange, the New York Curb Exchange, the Chicago Stock
Exchange, or the San Francisco Stock Exchange, or which are
securities which are obligations of the government of the United
States, such securities may be sold by such fiduciary under the
direction of the proper court for cash at the market price of such
securities at the time of sale, whether such price be more or less than
the appraised or inventory value of such securities. Such sale may be
without notice and without any requirement for the reappraisement
of such securities. (Formerly: Acts 1947, c.351, s.1.)
IC 30-1-2-2 Securities not listed; terms
Sec. 2. Whenever any decedent's estate or any property subject to
the control of any executor, administrator, or guardian, shall consist,
in whole or in part, of securities of any corporation, public or private,
which the fiduciary is required or authorized to sell and which are
not listed or admitted to trade on one (1) of the exchanges
enumerated in section 1 of this chapter, such securities may be sold
by such fiduciary in the same manner and upon the same terms as
other personal property of a decedent's estate or guardianship may be
sold. (Formerly: Acts 1947, c.351, s.2.) As amended by Acts 1982,
P.L.171, SEC.86.
IC 30-1-2-1 Stocks; bonds; securities
Sec. 1. Whenever any trust, or any decedent's estate, or any
property subject to the control of any executor, administrator, trustee,
guardian or other fiduciary shall consist, in whole or in part, of the
corporate stock, bonds or other securities of any corporation, public
or private, which the fiduciary is required or authorized to sell, and
which are listed or admitted to trading on the New York Stock
Exchange, the New York Curb Exchange, the Chicago Stock
Exchange, or the San Francisco Stock Exchange, or which are
securities which are obligations of the government of the United
States, such securities may be sold by such fiduciary under the
direction of the proper court for cash at the market price of such
securities at the time of sale, whether such price be more or less than
the appraised or inventory value of such securities. Such sale may be
without notice and without any requirement for the reappraisement
of such securities. (Formerly: Acts 1947, c.351, s.1.)
IC 30-1-2-2 Securities not listed; terms
Sec. 2. Whenever any decedent's estate or any property subject to
the control of any executor, administrator, or guardian, shall consist,
in whole or in part, of securities of any corporation, public or private,
which the fiduciary is required or authorized to sell and which are
not listed or admitted to trade on one (1) of the exchanges
enumerated in section 1 of this chapter, such securities may be sold
by such fiduciary in the same manner and upon the same terms as
other personal property of a decedent's estate or guardianship may be
sold. (Formerly: Acts 1947, c.351, s.2.) As amended by Acts 1982,
P.L.171, SEC.86.
