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Session Laws, 1969
Volume 692, Page 55   View pdf image
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MARVIN MANDEL, Governor                            55

nevertheless deliver to the Register a verified copy of each of those
documents, including inventoried and accounts, necessary for the

Register to determine the inheritance tax due with respect to dis-
tributions accounted for and the taxes due on commissions. The
Register shall retain such documents in a separate file or files and,

except in accordance with a Court order and except to an officer of

this State or of the United States acting in his official capacity and

having a right thereto, it shall be unlawful for the Register or any

employee of his office to divulge or make known in any manner any

of the particulars set forth or disclosed in such documents and any
violation of this provision shall be a misdemeanor punishable by a

fine of not more than $1,000 or imprisonment for not more than 6

months, or both. Documents received and filed by the Register under

this section shall be preserved for such period of time as the Comp-

troller may direct.

(c) (B) Certificate of payment. Upon payment of inheritance
taxes or taxes on commissions, determined by the Register to be due,
the personal representative shall be entitled to receive a certificate
reciting that such taxes have been paid. Such certificate shall set forth
in detail, if requested by the personal representative, any items of
real or leasehold property the inheritance taxes with respect to
which have been paid. Any such certificate may be filed among the
permanent records of the estate maintained by the Register.

Part 4Powers of Personal Representative.
7-401. General powers.

A personal representative, in the performance of his duties pur-
suant to Section 7-101, may exercise any power or authority con-
ferred upon him in the will, without application to, the approval of,
or ratification by the Court. Except as otherwise validly limited by
the will or by an order of Court a personal representative may, in
addition to any power or authority contained in the will and to any
other common law or statutory power, properly:

(a)    retain assets owned by the decedent pending distribution or
liquidation, including those in which the representative is personally
interested or which are otherwise improper for trust investment;

(b)    receive assets from fiduciaries or other sources;

(c)    perform the decedent's contracts that continue as obliga-
tions of the estate, and execute and deliver such deeds or other docu-
ments under such circumstances as the contract may provide;

(d)    satisfy written charitable pledges of the decedent;

(e)    deposit funds for the account of the estate, including moneys