§560:3-810 Claims not due and contingent or unliquidated claims. (a) If a claim which will become due at a future time or a contingent or unliquidated claim becomes due or certain before the distribution of the estate, and if the claim has been allowed or established by a proceeding, it is paid in the same manner as presently due and absolute claims of the same class.
(b) In other cases the personal representative or, on petition of the personal representative or the claimant in a special proceeding for the purpose, the court may provide for payment as follows:
(1) If the claimant consents, the claimant may be paid the present or agreed value of the claim, taking any uncertainty into account; and
(2) Arrangement for future payment, or possible payment, on the happening of the contingency or on liquidation may be made by creating a trust, giving a mortgage, obtaining a bond or security from a distributee, or otherwise. [L 1996, c 288, pt of §1]
Rules of Court
Closing estates, arrangements, see HPR rule 64.
Section: Previous 560-3-803 560-3-804 560-3-805 560-3-806 560-3-807 560-3-808 560-3-809 560-3-810 560-3-811 560-3-812 560-3-813 560-3-814 560-3-815 560-3-816 560-3-901 NextLast modified: October 27, 2016