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2016 Statute



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59-1409.Lease of property. The executor or administrator may lease real estate in his or her possession for a term of not more than one year. The executor or administrator, together with the heirs and devisees having an interest therein, may lease such real estate for a term longer than one year, and they may execute an oil and gas or other mineral lease for such real estate. The income from any lease, by whatever name called, shall be received by the executor or administrator as income from such property.

History: L. 1939, ch. 180, § 107; July 1.



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2017. Powered by KLISS. Rendered: 2017-11-21T09:08:42. Head Rev No: 338921