Maryland Statutes

§ 8-112

Maryland·Article get Estates and Trusts·Title 8
(a)(1) If a contingent claim becomes absolute before the distribution of the estate, the contingent claim shall be paid in the same manner as absolute claims of the same class.
(2)In other cases, if a petition is filed with the court by the personal representative or the claimant, the court may provide for payment in the manner provided in subsections (b), (c), (d), or (e) of this section.
(b)The creditor and personal representative may determine, by agreement, arbitration, or compromise, the value of the claim according to its probable present worth, and, on approval by the court, the value of the claim may be allowed and paid in the same manner as an absolute claim.
(c)The court may order the personal representative to make distribution of the estate

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Nearby Sections

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