2011 Missouri Revised Statutes
TITLE XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY
Chapter 473 Probate Code--Administration of Decedents' Estates
Section 473.430. Payments of claims and statutory allowances in order of classification--proportional payment--priority.
Payments of claims and statutory allowances in order of classification--proportional payment--priority.
473.430. All claims and statutory allowances against an estate shall be paid by the personal representative, as far as he has assets, in the order specified in section 473.397; and no claim or statutory allowance of one class shall be paid until all previous classes are satisfied or it appears that there are sufficient assets to satisfy all previous classes. If there are not sufficient assets to pay the whole of any one class, claims shall be paid in proportion to their amounts. Exempt property, family allowance and homestead allowance have priority for payment, in the order listed, among themselves.
(RSMo 1939 207, A.L. 1955 p. 385 160, A.L. 1980 S.B. 637)Prior revisions: 1929 208; 1919 207; 1909 216
Effective 1-1-81
Annotation Copyright Missouri Joint Committee on Legislative Research
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