§ 15.307 - What if there is not enough money in the decedent's IIM account to pay all claims?

Related Notices
- 01-1419. Final Rule. 01-1419. Trust Management Reform: Leasing/Permitting, Grazing, Probate and Funds Held in Trust
- 00-17195. Notice of Proposed Rulemaking. 00-17195. Trust Management Reform: Leasing/Permitting, Grazing, Probate and Funds Held in Trust

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(a) If there is not enough money in the IIM account to pay all claims, the BIA deciding official will order payment of the priority claims first in the order identified in § 15.305.

(b) If there is not enough in the IIM account to pay the priority claims, the BIA deciding official may order payment of the priority claims on a pro rata (reduced) basis.

(c) If less than $1,000 remains in the IIM account after payment of priority claims is ordered, the general claims may be ordered paid on a pro rata basis or disallowed in their entirety.

                    
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