N.Y. Surrogate's Court Procedure Act § 2107: Court may direct as to value, manner and time of sale of property and give advice and direction in extraordinary circumstances 1

§ 2107. Court may direct as to value, manner and time of sale of

property and give advice and direction in extraordinary

circumstances

1. Whenever the value of property of an estate is uncertain or

dependent upon the time and manner of sale thereof a fiduciary may apply

by petition to the court for advice and direction as to the propriety,

price, manner and time of sale thereof.

2. The court may entertain applications by a fiduciary to advise and

direct in other extraordinary circumstances such as complex valuation

issues, or tax elections, or where there is conflict among interested

parties, but need not entertain jurisdiction if to do so would be merely

to substitute the court's judgment for that of the fiduciary.

3. A substantial compliance with the authorization so given shall

relieve the fiduciary from any objection that the estate suffered a loss

on account of the action taken under court advice and direction.