North Dakota Code 30.1-19-10 – (3-810) Claims not due and contingent or unliquidated claims
1. If a claim which will become due at a future time or a contingent or unliquidated claim becomes due or certain before the distribution of the estate, and if the claim has been allowed or established by a proceeding, it is paid in the same manner as presently due and absolute claims of the same class.
Terms Used In North Dakota Code 30.1-19-10
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
2. In other cases the personal representative or, on petition of the personal representative or the claimant in a special proceeding for the purpose, the court may provide for payment as follows:
a. If the claimant consents, the claimant may be paid the present or agreed value of the claim, taking any uncertainty into account; or
b. Arrangement for future payment, or possible payment, on the happening of the contingency or on liquidation, may be made by creating a trust, giving a mortgage, obtaining a bond or security from a distributee, or otherwise.