Its focus on issues of growth and distribution accounts in part for its developing links with ergodic theory, finite group theory, model theory, and other fields.
If a creditor does not lodge a claim in terms of the notice, the creditor runs the risk of having that claim excluded from the liquidation and distribution account.
If the deceaseds estate, after confirmation of the liquidation and distribution account, is found to be insolvent, none of the beneficiaries will obtain any assets at all.
The election is generally effected by the survivor in his or her capacity as executor (for the survivor is usually appointed executor testamentary) in framing the liquidation and distribution account.
