Oklahoma § 58-387 - What personal property may be sold without notice

§ 58-387. What personal property may be sold without notice

A. At any time after receiving letters, the executor,

administrator, or special administrator may sell perishable and

other personal property likely to depreciate in value, or which will

incur loss or expense by being kept, and so much other personal

property as may be necessary to pay the allowance made to the family

of the decedent without obtaining prior court authorization for

sale, without filing a return of sale, and without obtaining court

confirmation of sale. The sale may be made without notice. Title

to such property shall pass to the purchaser thereof without

approval or confirmation by the court of such sale.

Oklahoma Statutes - Title 58. Probate Procedure

B. Any sale of property made by an executor, administrator or

special administrator of the property of a decedent pursuant to this

section shall be reported in the accounting next filed by such

executor, administrator or special administrator after the making of

the sale. If the court determines the property sold was not

perishable or was not otherwise likely to depreciate in value or

would not have caused the estate of the decedent loss or expense if

kept, or was not necessary to pay the allowance made to the family

of the decedent, the executor, administrator or special

administrator who made such sale shall not be surcharged or

otherwise held liable with respect to such sale if he made a

reasonable determination in good faith that the property sold was

perishable, was otherwise likely to depreciate in value, would have

caused the estate of the decedent to incur loss or expense if kept

or the sale was necessary to pay the allowance made to the family of

the decedent.

R.L. 1910, § 6366; Laws 1953, p. 238, § 27; Laws 1979, c. 258, § 4,

eff. Oct. 1, 1979; Laws 1992, c. 395, § 8, eff. Sept. 1, 1992.