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Session Laws, 1969
Volume 692, Page 52   View pdf image
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52                                 LAWS OF MARYLAND                           [CH. 5

(c) Fees. Reasonable appraisal fees shall be allowed as an
administration expense.

7-203. Supplemental inventory; reappraisal.

Whenever any property not included in the original inventory
comes to the knowledge of a personal representative, or whenever
the personal representative learns that the value indicated in the
original inventory for any item is erroneous or misleading, he shall
make a supplemental inventory or appraisal showing the market
value as of the date of the decedent's death of the item, or the revised
market value, and the appraisals or other data relied upon, if any,
and shall file it with the Court if the original inventory was filed),

or, if he is permitted to act under Section 7-402, he shall file a cer-

tificate that a copy of the supplemental inventory has been mailed

to all interested persons. , TOGETHER WITH A CERTIFICATE
THAT HE HAS MAILED OR DELIVERED, WITHIN THE 15
DAYS NEXT PRECEDING SUCH FILING, A NOTICE OF SUCH
FILING TO ALL INTERESTED PERSONS.

7-204. Revision of inventory.

The State of Maryland or any interested person may, at any time
before the estate is closed, petition the Court for revision of any
value assigned to any item of inventory and the Court may, after
hearing, require such revision as it may deem appropriate.

7-205. Inventory of successor personal representative.

Within three months of the date of his appointment, any successor
personal representative shall return either a new inventory to stand
in place of the inventory filed by his predecessor or a written consent
to be answerable for the items as listed and valued in the inventory
filed by his predecessor.

Part 3Accounting.
7-301. Duty to account.

Every personal representative has the duty to prepare written
accounts of his management and distribution of property at the
times and in the manner prescribed in this Part and to file in the
proceeding (a) the account or (b) a certificate that copies of the
account have been mailed to all interested persons as permitted by
Section 7-402.
THE ACCOUNT, TOGETHER WITH A CERTIFI-
CATE THAT HE HAS MAILED OR DELIVERED, WITHIN THE
15 DAYS NEXT PRECEDING SUCH FILING, A NOTICE OF
SUCH FILING TO ALL INTERESTED PERSONS.

7-302. Initial account.

The initial account of the administration of the decedent's prop-
erty shall contain the personal representative's certificate of:

(a)    the total value of property as shown in all inventories made
prior to the date of the account;

(b)    all receipts of the estate during the period of administration;

(c)    the date of each purchase, sale, lease, transfer, compromise,
settlement, disbursement or distribution of assets of the est