Alabama Code 43-2-770. When settlement must be made
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Terms Used In Alabama Code 43-2-770
- Executor: A male person named in a will to carry out the decedent
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Every executor or administrator of an insolvent estate must make a settlement of his accounts, as such, at such time as the court may appoint, not less than six months nor more than 12 months from the time the estate is declared insolvent.