Arkansas Statutes

§ 28-50-111 — Payment of contingent claims by distributees - Contribution

Arkansas·Title 28
(a)If a contingent claim shall have been presented and allowed against an estate and all the assets of the estate including the fund, if any, set apart for the payment thereof shall have been distributed, and the claim shall thereafter become absolute, then the creditor shall have the right to recover thereon in a court having equitable jurisdiction against those distributees whose distributive shares have been increased by reason of the fact that the amount of the claim as finally determined was not paid out prior to final distribution, provided an action therefor shall be commenced within the time permitted by law for bringing an action.
(b)The distributees shall be jointly and severally liable, but no distributee shall be liable for an amount exceeding the value of the estate or fund

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Legislative History

Acts 1949, No. 140, § 120; A.S.A. 1947, § 62-2611.

Nearby Sections

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