Section 307 of ISA : Section 307: Power Of Executor Or Administrator To Dispose Of Property

Explanation using Example

Imagine a scenario where Mr. Sharma, a Hindu, has passed away leaving behind a will. In his will, he appoints his nephew, Arjun, as the executor. Mr. Sharma's estate includes a house, some land, and various financial assets.

Arjun, as the executor, has the responsibility to manage and dispose of Mr. Sharma's estate according to the terms of the will and the law. One day, Arjun decides to sell the land to pay off the debts of the estate. Since Arjun is the executor and has not yet assented to any specific bequest related to the land, he is allowed to sell it under Section 307(1) of The In...

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