Section 43-2-394 Compounding with and discharge of debtor. - Alabama Statutes

Section 43-2-394

Compounding with and discharge of debtor.

Whenever a debtor of the decedent is unable to pay all his debts, the executor or administrator, with the approbation of the court or judge thereof, may compound with him and give him a discharge, upon receiving a fair and just dividend of his effects. A compromise may also be authorized when it appears to be just, and for the best interest of the estate.

(Code 1923, §5831; Code 1940, T. 61, §227.)