# Ind. Code § 29-1-14-3: Future claims; payment; bonds

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-3

## Section

- **Citation:** Ind. Code § 29-1-14-3
- **Heading:** Future claims; payment; bonds
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 29 / Article 1 / Chapter 14 / Section 29-1-14-3

## Text

Sec. 3. Upon proof of a claim which will become due at some future time, the court shall allow it at the present value thereof, and payment may be made as in the case of an absolute claim which has been allowed: Provided, if the obligation upon which such claim was founded was entered into before January 1, 1954, payment may be made as above, if the creditors agree thereto. If payment is not made as above provided, the court may order the personal representative to retain in his hands sufficient funds to satisfy the claim upon maturity; or if the distributees shall give a bond to be approved by the court for the payment of the creditor's claim in accordance with the terms thereof, the court may order such bond to be given in satisfaction of such claim and the estate may be closed.

Formerly: Acts 1953, c.112, s.1403. As amended by Acts 1982, P.L.171, SEC.36.

## Nearby sections

- [Ind. Code § 29-1-14-0.1 Application of certain amendments to chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-0.1.md)
- [Ind. Code § 29-1-14-1 Limitations; filing; claims barred or not; liens; tort claims](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-1.md)
- [Ind. Code § 29-1-14-2 Actions; definite statement; personal representative actions; deductions from claims](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-2.md)
- [Ind. Code § 29-1-14-3 Future claims; payment; bonds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-3.md)
- [Ind. Code § 29-1-14-4 Actions; joint contracts and judgment](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-4.md)
- [Ind. Code § 29-1-14-5 Joint contracts and judgments deemed joint and several](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-5.md)
- [Ind. Code § 29-1-14-6 Secured claims, allowance, and payment](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-6.md)
- [Ind. Code § 29-1-14-7 Contingent claims; payment; bond of distributee](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-7.md)
- [Ind. Code § 29-1-14-8 Contingent claims; liability of distributees; contribution](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-8.md)
- [Ind. Code § 29-1-14-9 Classification of claims; preferences](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-9.md)
- [Ind. Code § 29-1-14-10 Allowance; disallowance; expenses of administration](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-10.md)
- [Ind. Code § 29-1-14-11 Inquiry into correctness; liability on bond](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-11.md)
- [Ind. Code § 29-1-14-12 Trial; pleading; dismissal](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-12.md)
- [Ind. Code § 29-1-14-13 Trial of claims; judgment; set-off or counterclaim](https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T29_A1_C14_S29-1-14-3. Check the current official text before relying on it. Not legal advice.