Title 473 · MO 473

Missouri Revisor of Statutes - Revised Statutes of Missouri, RSMo Section 473.277

Citation: Mo. Rev. Stat. § 473.277

Section: 473.277

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  Do search Help   This chapter only Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY Chapter 473 < > â¢ Effective - 28 Aug 1955

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âÂ 473.277. Â Â Compromise of debts due estate. â When it appears for the best interest of the estate, the executor or administrator, on order of the court, may effect a fair and reasonable compromise with any debtor or other obligor, or extend, renew or in any manner modify the terms of any obligation owing to the estate.Â Â If the executor or administrator holds a mortgage, pledge or other lien upon property of another person, he may accept, in lieu of foreclosure, a conveyance or transfer of the encumbered assets from the owner thereof in satisfaction of the indebtedness secured by the lien, if it appears for the best interest of the estate and if the court so orders.Â Â In the absence of prior authorization or subsequent approval of the court, no compromise binds the estate. ÂÂ-------- (L. 1955 p. 385 Â§ 110)

---- end of effectiveâ 28 Aug 1955 ---- use this link to bookmark section â473.277

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