§560:3-805 Classification of claims. (a) If the applicable assets of the estate are insufficient to pay all claims in full, the personal representative shall make payment in the following order:
(1) Costs and expenses of administration;
(2) Reasonable funeral expenses including any claim by the department of human services pursuant to section 346-15;
(3) Debts and taxes with preference under federal law;
(4) Reasonable and necessary medical and hospital expenses of the last illness of the decedent, including compensation of persons attending the decedent and any claim by the department of human services pursuant to section 346-37 for expenses of the last illness of the decedent;
(5) Debts and taxes with preference under other laws of this State;
(6) Any other claim against the estate pursuant to section 346-37; and
(7) All other claims.
(b) No preference shall be given in the payment of any claim over any other claim of the same class, and a claim due and payable shall not be entitled to a preference over claims not due. [L 1996, c 288, pt of §1; am L 2000, c 102, §2]
Section: Previous 560-3-719 560-3-720 560-3-721 560-3-801 560-3-802 560-3-803 560-3-804 560-3-805 560-3-806 560-3-807 560-3-808 560-3-809 560-3-810 560-3-811 560-3-812 NextLast modified: October 27, 2016