Any executor or administrator, by authority of the probate court given on his written application, may, in his representative capacity, give his note, bond or bill for the purpose of extending or settling a debt of the decedent, or settling a debt contracted by such representative for articles, or for work and labor for the estate; and for such note, bond or bill the estate is liable, and the executor or administrator is not personally liable. But the heirs, devisees, distributees or legatees must have 10 days' notice of such application.
Structure 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 43-2-390 - Authorization to Compromise or Sell Claims.
Section 43-2-391 - Notice and Hearing.
Section 43-2-393 - When Executor or Administrator May Give Note, etc., to Extend or Settle Debt.
Section 43-2-394 - Compounding With and Discharge of Debtor.