91-7-271 - Distribution of assets in insolvent estate. - Mississippi Statutes

§ 91-7-271. Distribution of assets in insolvent estate.
 

When the claims are established and the amount of assets ascertained, the court shall adjudge the pro rata share of each creditor, deducting first the preference claims and deducting from debts not due the legal interest from the time of payment up to the time of their maturity; and the executor or administrator shall distribute all money amongst the creditors, in proportion to their demands. A creditor whose pro rata share has been so adjudged, after ten days from the date of the decree ascertaining his share, the same not having been paid, may have execution against the executor or administrator and the sureties on his bond for such sum as may be due him, and costs of execution. 
 

Sources: Codes, Hutchinson's 1848, ch. 49, art. 1 (103); 1857, ch. 60, art. 102; 1871, § 1162; 1880, § 2060; 1892, § 1944; 1906, § 2118; Hemingway's 1917, § 1786; 1930, § 1729; 1942, § 628.