Alabama § 43-2-393 When Executor or Administrator May Give Note, Etc., to Extend or Settle Debt

Alabama Statutes

§ 43-2-393 — When Executor or Administrator May Give Note, Etc., to Extend or Settle Debt

Alabama·Title 43 Wills and Decedents’ Estates·Ch. 2 Administration of Estates·Art. 15 Claims and Debts·Div. 3 Sale, Compromise, and Settlement

Any executor or administrator, by authority of the probate court given on his or her written application, may, in his or her representative capacity, give his or her note, bond or bill for the purpose of extending or settling a debt of the decedent, or settling a debt contracted by such representative for articles, or for work and labor for the estate; and for such note, bond or bill the estate is liable, and the executor or administrator is not personally liable. But the heirs, devisees, distributees, or legatees must have 10 days’ notice of such application.

Free access — add to your briefcase to read the full text and ask questions with AI

Any executor or administrator, by authority of the probate court given on his or her written application, may, in his or her representative capacity, give his or her note, bond or bill for the purpose of extending or settling a debt of the decedent, or settling a debt contracted by such representative for articles, or for work and labor for the estate; and for such note, bond or bill the estate is liable, and the executor or administrator is not personally liable. But the heirs, devisees, distributees, or legatees must have 10 days’ notice of such application.

Alabama § 43-2-393 (When Executor or Administrator May Give Note, Etc., to Extend or Settle Debt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.