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This entry was published on 2022-07-29
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Payment by committee or conservator of claims
Debtor & Creditor (DCD) CHAPTER 12, ARTICLE 9
§ 252. Payment by committee or conservator of claims. A committee of
the property of a person, incompetent by reason of mental illness, a
developmental disability or alcohol abuse, to manage his or her affairs,
or a conservator of the property of a conservatee, may, under direction
of the court exercising jurisdiction of such estate, after payment of
the expenses, disbursements and commissions of such trust, apply so much
of the funds and property of said estate remaining in his or her hands
as such committee or conservator, as may be necessary to pay and
discharge the proper claims of creditors who have presented claims
pursuant to the notice in this article provided for, to the payment of
such claims, and if the property so remaining be insufficient to pay
such claims in full, then the committee or conservator may distribute
the same according to law among the creditors who have presented and
proved their claims as in this article provided, and such payment, when
so made in good faith and under direction of such court, shall relieve
such committee or conservator and his or her sureties from liability to
creditors who have failed to present their claims as in this article