Compromise of claims
Sec. 18. The personal representative may, if it appears for the best
interests of the estate, compromise any claim against the estate,
whether due or not due, absolute or contingent, liquidated or
unliquidated, but if such claim is not filed such compromise must be
consummated within three (3) months after the date of the first
published notice to creditors. In the absence of prior authorization or
subsequent approval by the court, no compromise shall bind the
estate.
(Formerly: Acts 1953, c.112, s.1418; Acts 1975, P.L.288, SEC.26.)
As amended by P.L.252-2001, SEC.21.
Last modified: May 27, 2006