After the time for filing claims has expired, as provided by §30-2-310, if the estate is unable to pay all of its creditors, the personal representative shall file with the clerk a notice of insolvency. A copy of the notice shall be sent by certified mail, return receipt requested, to each creditor who has filed a claim. This notice may be mailed to creditors by the attorney for the estate, the personal representative or, if requested, by the clerk.
Code 1858, § 2328 (deriv. Acts 1851-1852, ch. 283, § 4); Shan., § 4068; mod. Code 1932, § 8264; modified; T.C.A. (orig. ed.), § 30-702; Acts 1989, ch. 516, § 2.
Cross-References. Sale of real estate to pay estate debts, expenses and taxes, §30-2-418.
Textbooks. Pritchard on Wills and Administration of Estates (4th ed., Phillips and Robinson), §§ 767, 897.