Sec. 45a-404. (Formerly Sec. 45-226). Any estate may be settled as insolvent. - Connecticut Statutes

      Sec. 45a-404. (Formerly Sec. 45-226). Any estate may be settled as insolvent. The estate of any deceased person may be settled as an insolvent estate if the Court of Probate deems it expedient.

      (1949 Rev., S. 7011; P.A. 80-476, S. 277.)

      History: P.A. 80-476 deleted provision which specified that when settlement of solvent estate has been commenced as insolvent estate, persons with claims subsequently accruing which have not been exhibited to commissioners within time prescribed for such exhibition "shall be the same in respect to any estate ... remaining after the payment of claims allowed by them as they would have been ... if such estate had always been treated as a solvent estate", but see Sec. 45-227(c); Sec. 45-226 transferred to Sec. 45a-404 in 1991.

      Annotations to former section 45-226:

      Executor not precluded from paying debts because estate is represented insolvent, and commissioners have not made their report, though he may act at his own peril. 11 C. 355. Not necessary that court should specially find that it is expedient. 49 C. 423. Effect of payment of claim in full before insolvency is discovered. 94 C. 532. Cited. 124 C. 223. See note to Sec. 45-219.

      Representing solvent estate as insolvent so commissioners may pass upon claims. 10 CS 1; 17 CS 500.