§ 30-2-319 — Time for payment of claims

All uncontested claims and all contested claims that have been finally adjudged and allowed shall be paid by the personal representative as soon as practicable (not in any event to exceed ninety (90) days) after the expiration of the date on which the personal representative could file an exception to the claim pursuant to § 30-2-314(a) , if, after having segregated sufficient assets to meet the contingent liabilities referred to in § 30-2-317 , adequate assets are in the personal representative's hands for this purpose, payment being made according to the classification of the claims.

Legislative History

Acts 1939, ch. 175, § 4; 1941, ch. 62, § 1; 1947, ch. 137, § 4; C. Supp. 1950, § 8196.5 (Williams, § 8196.4); Acts 1971, ch. 229, § 6; T.C.A. (orig. ed.), § 30-523; Acts 1997, ch. 426, § 8; 2012, ch. 886, § 7.