§ 53-7-106 - (Pre-1998 Probate Code) Compromise of debts belonging to estate the collection of which is doubtful; order directing compromise; oath - Georgia Statutes

State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-7 > Article-4 > 53-7-106

O.C.G.A. 53-7-106 (2010)
53-7-106. (Pre-1998 Probate Code) Compromise of debts belonging to estate the collection of which is doubtful; order directing compromise; oath

(a) Administrators and executors are authorized to compromise all debts, the collection of which is doubtful, belonging to their estates when such settlements will advance the interests of those represented. The judge of the probate court shall first make an order directing the compromise.

(b) All persons acting under subsection (a) of this Code section, on making their returns, shall make oath that the settlements thus made were in good faith and to the best interests of the parties represented.

State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-7 > Article-4 > 53-7-106

O.C.G.A. 53-7-106 (2010)
53-7-106. (Pre-1998 Probate Code) Compromise of debts belonging to estate the collection of which is doubtful; order directing compromise; oath

(a) Administrators and executors are authorized to compromise all debts, the collection of which is doubtful, belonging to their estates when such settlements will advance the interests of those represented. The judge of the probate court shall first make an order directing the compromise.

(b) All persons acting under subsection (a) of this Code section, on making their returns, shall make oath that the settlements thus made were in good faith and to the best interests of the parties represented.

State Codes and Statutes

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State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-7 > Article-4 > 53-7-106

O.C.G.A. 53-7-106 (2010)
53-7-106. (Pre-1998 Probate Code) Compromise of debts belonging to estate the collection of which is doubtful; order directing compromise; oath

(a) Administrators and executors are authorized to compromise all debts, the collection of which is doubtful, belonging to their estates when such settlements will advance the interests of those represented. The judge of the probate court shall first make an order directing the compromise.

(b) All persons acting under subsection (a) of this Code section, on making their returns, shall make oath that the settlements thus made were in good faith and to the best interests of the parties represented.