Michigan Compiled Laws 386-1998-iii-8 Part 8 Creditors' Claims (700.3801...700.3815)

• Section 700.3801 Notice Of Creditors.
  (1) Unless notice has already been given, upon appointment a personal representative shall publish, and a special personal representative may publish, a notice as...
• Section 700.3802 Statute Of Limitations.
  (1) Unless an estate is insolvent, the personal representative, with the consent of all interested persons whose interests would be affected, may waive a...
• Section 700.3803 Limitations On Time For Presentation Of Claims.
  (1) A claim against a decedent's estate that arose before the decedent's death, including a claim of this state or a subdivision of this...
• Section 700.3804 Manner Of Presentation Of Claims; Commencement; Claims By Personal Representative.
  (1) A claimant must present a claim against a decedent's estate in either of the following ways: (a) By delivering or mailing a written...
• Section 700.3805 Priority Of Claim Payments; Insufficient Assets.
  (1) If the applicable estate property is insufficient to pay all claims and allowances in full, the personal representative shall make payment in the...
• Section 700.3806 Allowance And Disallowance Of Claims.
  (1) If a claim is presented in the manner described in section 3804 and within the time limit prescribed in section 3803, the personal...
• Section 700.3807 Payment Of Claims.
  (1) Upon the expiration of 4 months after the publication date of the notice to creditors, and after providing for administration costs and expenses,...
• Section 700.3808 Individual Liability Of Personal Representative.
  (1) Unless otherwise provided in the contract, a personal representative is not individually liable on a contract properly entered into in the personal representative's...
• Section 700.3809 Secured Claims.
  A personal representative shall pay a secured claim on the basis of the amount allowed if the creditor surrenders the security. Otherwise, the personal...
• Section 700.3810 Claims Not Due And Contingent Or Unliquidated Claims.
  (1) This section applies to a claim that will become due at a future time, a contingent claim, and an unliquidated claim. (2) If...
• Section 700.3811 Counterclaims.
  In allowing a claim, the personal representative may deduct a counterclaim that the estate has against the claimant. In determining a claim against an...
• Section 700.3812 Limitation On Execution Or Levy Against Property Of Estate.
  An execution shall not issue upon nor shall a levy be made against estate property under a judgment against a decedent or personal representative....
• Section 700.3813 Settlement Of Claims.
  If a claim against the estate is presented in the manner provided in section 3804 and it appears to be in the estate's best...
• Section 700.3814 Encumbered Assets.
  If property of the estate is encumbered by mortgage, pledge, lien, or other security interest and it appears to be in the estate's best...
• Section 700.3815 Effect Of Administration In More Than One State.
  (1) Estate property being administered in this state is subject to a claim, allowance, or charge existing or established against the personal representative wherever...

Last modified: October 10, 2016