(735 ILCS 5/12-156)
(from Ch. 110, par. 12-156)
Representative may purchase realty.
When it is necessary
in order to secure the collection of a judgment belonging to any estate
the executor or administrator shall bid for and become the purchaser of
real estate at the sale thereof by the sheriff, or other officer. The premises
so purchased shall be assets in his or her possession, and may be again
sold by him or her, with the approval of the circuit court, and the moneys
arising from such sale shall be accounted for and paid over as other moneys
in his or her possession.
(Source: P.A. 82-280.)