§ 365. Report of Hiring or Renting
365. Report of Hiring or Renting
(a) When any property of the estate with an appraised value of Three Thousand Dollars or more has been hired or rented, the representative shall, within thirty days thereafter, file with the court a sworn and written report, stating:
(1) The property involved and its appraised value.
(2) The date of hiring or renting, and whether at public auction or privately.
(3) The name of the person or persons hiring or renting such property.
(4) The amount of such hiring or rental.
(5) Whether the hiring or rental was for cash or on credit, and, if on credit, the length of time, the terms, and the security taken therefor.
(b) When the value of the property involved is less than Three Thousand Dollars, the hiring or renting thereof may be reported upon in the next annual or final account which shall be filed as required by law.