Undischarged claims; actions against distributees; contribution
Sec. 5. After assets of an estate have been distributed, and subject
to section 7 of this chapter, an undischarged claim not barred may be
prosecuted in a proceeding against one (1) or more distributees. No
distributee is liable to claimants for amounts in excess of the value
of his distribution as of the time of distribution. As between
distributees, each shall bear the cost of satisfaction of unbarred
claims as if the claim had been satisfied in the course of
administration. Any distributee who fails to notify other distributees
of the demand made upon him by the claimant in sufficient time to
permit them to join in any proceeding in which the claim was
asserted against him loses his right of contribution against other
distributees.
(Formerly: Acts 1975, P.L.288, SEC.11.) As amended by P.L.1-1993,
SEC.213.
Last modified: May 27, 2006