Mississippi Code

Miss. Code Ann. § 91-7-229 (2026)

Claims may be sold or compromised

✓ current as of July 2026

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The court or chancellor in vacation, on petition for that purpose, may authorize the executor or administrator to sell or compromise any claim belonging to the estate which cannot be readily collected; but an order authorizing a sale of any claim shall not be made until after six months from the grant of the letters. The court or chancellor shall specify the terms, conditions, and notice of such sale. In compromising any claim, the executor or administrator may receive property, real or personal, in his name as such, and he shall account for the same as assets of the estate. The executor or administrator shall report, in writing, all sales and compromises to the next term of the court.

Codes, Hutchinson's 1848, ch. 49, art. 20 (6); 1857, ch. 60, art. 95; 1871, § 1155; 1880, § 2065; 1892, § 1890; 1906, § 2065; Hemingway's 1917, § 1730; 1930, § 1710; 1942, § 607; Laws, 1936, ch. 238.

Notes of Decisions

Cited in 1 case, 1988–1988 · leading case: Mississippi State Bar Ass'n v. Moyo, 525 So. 2d 1289 (Miss. 1988).

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Mississippi State Bar Ass'n v. Moyo, 525 So. 2d 1289 (Miss. 1988). “§ 93-13-59 authorizes a duly appointed legal guardian to compromise doubtful claims, the same as an executor or administrator under Miss. Code Ann. § 91-7-229 is authorized to settle claims.”

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