South African Institute for Drug Free Sport Act, 1997
R 385
Administration of Estates Act, 1965 (Act No. 66 of 1965)Chapter II: Deceased Estates49. Purchases by executor of property in estate, or mortgaged or pledged to the deceased |
| 1) | If any executor or his spouse, parent, child, partner, employer, employee or agent purchases any property in the estate which he has been appointed to liquidate and distribute, the purchase shall, subject to the terms of the will (if any) of the deceased and, in the case of an executor who is the surviving spouse of the deceased, to the provisions of section thirty-eight , be void, unless it has been consented to or is confirmed by the Master or by the Court. |
| 2) | An executor may, in his capacity as such, and subject to the consent of or confirmation by the Master, buy in any property mortgaged or pledged to the deceased. |
