633.114 Compromise of claims held by an estate. When it appears for the best interest of the estate, the fiduciary may, subject to approval of the court, effect a compromise with any debtor or other obligor, or extend, renew, or inany other manner, modify the terms of any obligation owing to the estate. If the fiduciaryholds a mortgage, pledge, or other lien upon property of another person, the fiduciary may,in lieu of foreclosure, accept a conveyance or transfer of such encumbered assets from theowner thereof in satisfaction of the indebtedness secured by such lien, if it appears for thebest interests of the estate, and if the court shall so order. [C51, §1336; R60, §2368; C73, §2382; C97, §3318; C24, 27, 31, 35, 39, §11928; C46, 50, 54, 58, 62, §635.17; C66, 71, 73, 75, 77, 79, 81, §633.114] Sat Dec 23 11:23:35 2023 Iowa Code 2024, Section 633.114 (34, 0)
Iowa Legal Code