When a claim against the estate has been presented in any manner, the personal representative may, if it appears to be in the best interest of the estate, compromise the claim, whether due or not due, absolute or contingent, liquidated or unliquidated.
Source: L. 73: R&RE, p. 1596, § 1. C.R.S. 1963: § 153-3-813.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 12 - Probate of Wills and Administration
§ 15-12-801. Notice to Creditors
§ 15-12-802. Statutes of Limitations
§ 15-12-803. Limitations on Presentation of Claims
§ 15-12-804. Manner of Presentation of Claims
§ 15-12-805. Classification of Claims
§ 15-12-806. Allowance of Claims
§ 15-12-807. Payment of Claims
§ 15-12-808. Individual Liability of Personal Representative
§ 15-12-810. Claims Not Due and Contingent or Unliquidated Claims
§ 15-12-812. Execution and Levies Prohibited
§ 15-12-813. Compromise of Claims
§ 15-12-814. Encumbered Assets
§ 15-12-815. Administration in More Than One State - Duty of Personal Representative
§ 15-12-816. Final Distribution to Domiciliary Representative