Indiana Code 27-9-3-42. Payment of distributions
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Terms Used In Indiana Code 27-9-3-42
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Sec. 42. Under the direction of the Marion County circuit court, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the Marion County circuit court.
As added by Acts 1979, P.L.255, SEC.1.