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Section 43-2-390 – Authorization to Compromise or Sell Claims.

Section 43-2-390 Authorization to compromise or sell claims. The probate court having jurisdiction of the estate may authorize any executor or administrator to compromise or sell any bad or doubtful claim due the estate, on the written application of the executor or administrator, verified by his affidavit, and stating the facts, supported by evidence satisfactory […]

Section 43-2-391 – Notice and Hearing.

Section 43-2-391 Notice and hearing. Such application must not be heard until 10 days after the filing thereof, and notice thereof may be given to some person adversely interested whenever the court may deem just. When, or at such time as the court may continue the hearing, the court, satisfied that the claim is bad […]

Section 43-2-392 – Report.

Section 43-2-392 Report. The executor or administrator shall make report, in writing and under oath, of such sale or compromise within 30 days thereafter; and when such report is made, the sale or compromise may be confirmed, unless good cause is shown for setting the same aside. (Code 1876, §2506; Code 1886, §2090; Code 1896, […]

Section 43-2-394 – Compounding With and Discharge of Debtor.

Section 43-2-394 Compounding with and discharge of debtor. Whenever a debtor of the decedent is unable to pay all his debts, the executor or administrator, with the approbation of the court or judge thereof, may compound with him and give him a discharge, upon receiving a fair and just dividend of his effects. A compromise […]