Printable Format59-1004. Sale of assets. An executor or administrator having the whole of the partnership estate in his or her possession, as herein provided, may sell the assets thereof at public or private sale as provided by law, and may without such possession sell the interest of the deceased partner therein in the manner aforesaid. The surviving partner shall be an eligible purchaser.
History: L. 1939, ch. 180, ยง 79; July 1.
Source or prior law:
22-409.
CASE ANNOTATIONS
1. Surviving partner may purchase assets although he is administrator; public sale of assets for less than three-fourths of appraised value valid. Murphy v. Murphy, 152 Kan. 810, 812, 813, 107 P.2d 700.
2. Cited in discussing proper method of administering partnership estate. Evans v. Thornton, 159 Kan. 149, 155, 152 P.2d 853.