Arkansas Statutes

§ 28-53-111 — Setoffs

Arkansas § 28-53-111

This text of Arkansas § 28-53-111 (Setoffs) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ark. Code Ann. § 28-53-111 (2026).

Text

When a distributee of an estate is indebted to the estate, the amount of the indebtedness if due, or the present worth of the indebtedness, if not due, may be treated as an offset by the personal representative against any real or personal property of the estate to which the distributee is entitled. However, the distributee shall be entitled to the benefit of any defense which would be available to him or her in a direct proceeding for the recovery of the debt.

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Related

Eddins v. Style Optics, Inc.
35 S.W.3d 315 (Court of Appeals of Arkansas, 2000)
1 case citations

Legislative History

Acts 1949, No. 140, § 165; A.S.A. 1947, § 62-2906.

Nearby Sections

15
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Bluebook (online)
Arkansas § 28-53-111, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/28-53-111.