Ark. Code § 28-50-112
Current with legislation from 2024 effective through May 3, 2024.
When a claim against the estate has been filed or suit thereon is pending, if it appears to be in the best interest of the estate and subject to the court's authorization or approval, the creditor and personal representative may compromise the claim whether due or not due, absolute or contingent, liquidated or unliquidated.
Ark. Code § 28-50-112