2016 Code of Alabama
Title 43 - WILLS AND DECEDENTS' ESTATES.
Chapter 2 - ADMINISTRATION OF ESTATES.
Article 15 - Claims and Debts.
Division 3 - Sale, Compromise, and Settlement.
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.)
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