Sec. 361. ORDER TO HIRE OR RENT. Representatives of estates, if they prefer, may, and, if the proposed rental period exceeds one year, shall, file a written application with the court setting forth the property sought to be hired or rented. (2889)(1-click HTML)
If the court finds that it would be to the interest of the estate, he shall grant the application and issue an order which shall describe the property to be hired or rented, state whether such hiring or renting shall be at public auction or privately, whether for cash or on credit, and, if on credit, the extent of same and the period for which the property may be rented. If to be hired or rented at public auction, the court shall also prescribe whether notice thereof shall be published or posted. (2890)
Acts 1955, 54th Leg., p. 88, ch. 55, eff. Jan. 1, 1956. (2891)
Text of article effective until January 01, 2014 (2892)
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