Section 5.25 Options as Contracts of Sale

LibraryEstate Administration 2014 Supp

4. (§5.25) Options as Contracts of Sale

Section 473.317.2, RSMo 2000, provides that if the decedent dies owning an option to purchase real or personal property and if it is advantageous to the estate—and does not prejudice the rights of creditors or legatees—that the option be exercised, the court may authorize the exercise and payment of the option price by the personal representative. While...

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