Oregon Statutes 116.013 – Petition and order for partial distribution
Upon petition by the personal representative or other interested person, and after such notice and hearing as the court may prescribe, the court may order the personal representative to distribute, prior to final settlement and distribution, property of the estate to the person or persons who would be entitled to the property under the will or under intestate succession on final distribution, if the court finds that:
Terms Used In Oregon Statutes 116.013
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Decedent: A deceased person.
- Intestate: Dying without leaving a will.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) After the distribution sufficient assets will remain to pay support of spouse and children, expenses of administration, unpaid claims and all known unpaid creditors of the decedent or of the estate; and
(2) The distribution may be made without loss to creditors or injury to the estate or to any interested person. [1969 c.591 § 169; 1987 c.646 § 1]
[Repealed by 1969 c.591 § 305]
[Amended by 1957 c.352 § 1; repealed by 1969 c.591 § 305]