There is a newer version of the Arkansas Code
2016 Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 4 - Administration of Decedents' Estates
Chapter 50 - Claims Against Estates
§ 28-50-112. Compromise of claims
AR Code ยง 28-50-112 (2016) What's This?
When a claim against the estate has been filed or suit thereon is pending, if it appears to be in the best interest of the estate and subject to the court's authorization or approval, the creditor and personal representative may compromise the claim whether due or not due, absolute or contingent, liquidated or unliquidated.
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