Oklahoma § 58-258 - Compromise with debtors allowable
Full text of Oklahoma Oklahoma Statutes § 58-258 — Compromise with debtors allowable, with citation guidance and answers to common questions.
§ 58-258. Compromise with debtors allowable
Whenever a debtor of a decedent is unable to pay all his debts,
the executor or administrator, with the approbation of the judge of
the district court, may compound with him, and give him a discharge
upon receiving a fair and just dividend of his effects. A
compromise may also be authorized, when it appears to be just and
for the best interest of the estate.
R.L.1910, § 6308.
Frequently Asked Questions About Oklahoma § 58-258
What does Oklahoma Statutes § 58-258 cover?
Section 58-258 ("Compromise with debtors allowable") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 58-258?
A common citation format is "Oklahoma Statutes § 58-258" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 58-258 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.