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.
Ind. Code § 29-1-14-18
Compromise of claims
Known as the Probate Code
The act spans §§ 29-1-10-0.1 to 29-1-9-3 (324 sections).
Applied in 3 court decisions — leading case United Commercial Leasing Service, Inc. v. Elmore (1999)
Most recently applied in MacKey v. Estate of MacKey (December 2006)
Formerly: Acts 1953, c.112, s.1418; Acts 1975, P.L.288, SEC.26
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.