§ 33-12-12 - Decrees for distribution of insolvent estates. - Rhode-island Statutes

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Statutes > Rhode-island > Title-33 > Chapter-33-12 > 33-12-12

SECTION 33-12-12

§ 33-12-12 Decrees for distribution ofinsolvent estates. – After the expiration of the time for claiming an appeal from the decree on thereport of the commissioners on an insolvent estate, the probate court shallmake a decree for the distribution of the estate among the creditors whoseclaims are allowed. If an appeal is claimed or if a suit is pending against theestate, the decree may be suspended until the determination of the appeal orsuit, or a distribution may be ordered among the creditors whose claims areallowed, leaving in the hands of the executor or administrator an amountsufficient to pay claimants whose appeals or suits are pending a proportionequal to that of the other creditors. In case further assets shall come to thehands of the executor or administrator after the decree of distribution, theprobate court shall make from time to time further decrees of distributionamong the creditors.

State Codes and Statutes

Statutes > Rhode-island > Title-33 > Chapter-33-12 > 33-12-12

SECTION 33-12-12

§ 33-12-12 Decrees for distribution ofinsolvent estates. – After the expiration of the time for claiming an appeal from the decree on thereport of the commissioners on an insolvent estate, the probate court shallmake a decree for the distribution of the estate among the creditors whoseclaims are allowed. If an appeal is claimed or if a suit is pending against theestate, the decree may be suspended until the determination of the appeal orsuit, or a distribution may be ordered among the creditors whose claims areallowed, leaving in the hands of the executor or administrator an amountsufficient to pay claimants whose appeals or suits are pending a proportionequal to that of the other creditors. In case further assets shall come to thehands of the executor or administrator after the decree of distribution, theprobate court shall make from time to time further decrees of distributionamong the creditors.

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State Codes and Statutes

Statutes > Rhode-island > Title-33 > Chapter-33-12 > 33-12-12

SECTION 33-12-12

§ 33-12-12 Decrees for distribution ofinsolvent estates. – After the expiration of the time for claiming an appeal from the decree on thereport of the commissioners on an insolvent estate, the probate court shallmake a decree for the distribution of the estate among the creditors whoseclaims are allowed. If an appeal is claimed or if a suit is pending against theestate, the decree may be suspended until the determination of the appeal orsuit, or a distribution may be ordered among the creditors whose claims areallowed, leaving in the hands of the executor or administrator an amountsufficient to pay claimants whose appeals or suits are pending a proportionequal to that of the other creditors. In case further assets shall come to thehands of the executor or administrator after the decree of distribution, theprobate court shall make from time to time further decrees of distributionamong the creditors.