§ 11460. — 11460. (Added by Stats. 1991, Ch. 1055, Sec. 31.)

California § 11460.

• Jurisdiction: California
• Code PROB: Probate Code - PROB
• Div. 7.: DIVISION 7. ADMINISTRATION OF ESTATES OF DECEDENTS
• Part 9.: PART 9. PAYMENT OF DEBTS
• Ch. 4.: CHAPTER 4. Debts That are Contingent, Disputed, or Not Due

Text

As used in this chapter:
(a)
A debt is “contingent” if it is established under Part 4 (commencing with Section 9000) in either a fixed or an uncertain amount and will become absolute on occurrence of a stated event other than the passage of time. The term includes a secured obligation for which there may be recourse against property in the estate, other than the property that is the security, if the security is insufficient.
(b)
A debt is “disputed” if it is a claim rejected in whole or in part under Part 4 (commencing with Section 9000) and is not barred under Section 9353 as to the part rejected.
(c)
A debt is “not due” if it is established under Part 4 (commencing with Section 9000) and will become due on the passage of time. The term includes a debt payable in installments.

Legislative History

Added by Stats. 1991, Ch. 1055, Sec. 31.