Indiana § 29-1-17-6 Indebtedness of distributee; offset

Indiana Statutes

§ 29-1-17-6 — Indebtedness of distributee; offset

Indiana·Art. 1 PROBATE CODE·Ch. 17 Distribution and Discharge

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 testate or intestate property, real or
personal, of the estate to which such distributee is entitled; but such
distributee shall be entitled to the benefit of any defense which would
be available to him in a direct proceeding for the recovery of such debt.
Formerly: Acts 1953, c.112, s.1706.

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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 testate or intestate property, real or
personal, of the estate to which such distributee is entitled; but such
distributee shall be entitled to the benefit of any defense which would
be available to him in a direct proceeding for the recovery of such debt.
Formerly: Acts 1953, c.112, s.1706.

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