Ark. Code Ann. § 28-53-113

Exoneration of encumbered property

Year: 2026Length: 124 words
As between the distributees, secured debts shall be discharged out of the general assets of the estate, subject to the right of a decedent to provide otherwise by will. However, nothing in this section shall preclude a secured creditor from having recourse to his or her security for satisfaction of the debt. Acts 1949, No. 140, § 167; A.S.A. 1947, § 62-2908. As between the distributees, secured debts shall be discharged out of the general assets of the estate, subject to the right of a decedent to provide otherwise by will. However, nothing in this section shall preclude a secured creditor from having recourse to his or her security for satisfaction of the debt. Acts 1949, No. 140, § 167; A.S.A. 1947, § 62-2908.
Ark. Code Ann. § 28-53-113: Exoneration of encumbered property | Justis AI