29A-3-805. Classification of claims.
98 words·~1 min read·
/sd/title-29/chapter-29-3/29a-3-805A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)If the applicable assets of the estate are insufficient to pay all claims in full, the personal representative shall make payment in the following order:
(1)Costs and expenses of administration;
(2)Reasonable funeral expenses;
(3)Debts and taxes with preference under federal law;
(4)Debts and taxes with preference under other laws of this state;
(5)All other claims.
(b)No preference shall be given in the payment of any claim over any other claim of the same class, and a claim due and payable shall not be entitled to a preference over claims not due.