Colorado § 15-12-810 Claims not due and contingent or unliquidated claims

Colorado Statutes

§ 15-12-810 — Claims not due and contingent or unliquidated claims

Colorado·Title 15 Probate,·Art. Probate of Wills and Administration

(1)If a claim which will become due at a future time or a contingent or unliquidated claim becomes due or certain before the distribution of the estate, and if the claim has been allowed or established by a proceeding, it is paid in the same manner as presently due and absolute claims of the same class.

(2)In other cases the personal representative or, on petition of the personal representative or the claimant in a special proceeding for the purpose, the court may provide for payment as follows:

(a)If the claimant consents, he may be paid the present or agreed value of the claim, taking any uncertainty into account;

(b)Arrangement for future payment, or possible payment, on the happening of the contingency or on liquidation may be made by creating a trust, giving a mortgage

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(1) If a
claim which will become due at a future time or a contingent or unliquidated claim
becomes due or certain before the distribution of the estate, and if the claim has
been allowed or established by a proceeding, it is paid in the same manner as
presently due and absolute claims of the same class.

(2) In other cases the personal representative or, on petition of the personal
representative or the claimant in a special proceeding for the purpose, the court
may provide for payment as follows:

(a) If the claimant consents, he may be paid the present or agreed value of
the claim, taking any uncertainty into account;

(b) Arrangement for future payment, or possible payment, on the happening
of the contingency or on liquidation may be made by creating a trust, giving a
mortgage, obtaining a bond or security from a distributee, or otherwise.

Colorado § 15-12-810 (Claims not due and contingent or unliquidated claims) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.