59-1714. Compromise with debtor. Whenever it appears for the best interests of the estate, the fiduciary may, on order of the court, effect a fair and reasonable compromise with any debtor or other obligor.
History: L. 1939, ch. 180, ยง 144; July 1.
Source or prior law:
22-532.
CASE ANNOTATIONS
1. Cited as restricting common law power of an executor or administrator to compromise a debt owed an estate; prior approval of court is required. In re Estate of Stahl, 226 Kan. 48, 53, 596 P.2d 121.
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