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Section 33-9-15 Purposes for which borrowing authorized.

RI Gen L § 33-9-15 (2019) (N/A)
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§ 33-9-15. Purposes for which borrowing authorized. Borrowing may be authorized for any one or more of the following purposes:

(1) To discharge any existing lien or mortgage on the real or personal estate of the decedent;

(2) To pay the debts of the decedent;

(3) To pay the funeral expenses;

(4) To pay the charges of administration;

(5) To pay the estate, inheritance, legacy, or succession taxes;

(6) To pay the expenses of supporting the decedent's family as prescribed by law;

(7) To pay the legacies under the will; and

(8) For any other purpose whatsoever which the court may approve as necessary or desirable for the protection or benefit of the estate.

History of Section. (G.L., ch 312, § 56, as enacted by P.L. 1921, ch. 2030, § 1; G.L. 1923, ch. 363, § 56; G.L. 1938, ch. 575, § 54; G.L. 1956, § 33-9-15.)

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Section 33-9-14 Authority of executor or administrator to borrow.
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Section 33-9-16 Effect of borrowing by executor or administrator.