After the day on which all known claims are barred under ORS § 115.005 (2), the personal representative, after making provision for support of spouse and children ordered by the court, for expenses of administration and for claims already presented which have not been allowed or allowance of which has been appealed, shall proceed to pay the claims allowed against the estate in the order of priority prescribed by ORS § 115.125. After payment of those claims, claims presented and allowed under ORS § 115.005 (3) shall be paid in the order in which they are received and to the extent of the remaining assets of the estate. [1969 c.591 § 151; 1989 c.229 § 6]

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Terms Used In Oregon Statutes 115.115

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

 

[Repealed by 1969 c.591 § 305]