MARVIN MANDEL, Governor 325
WHERE TWO OR MORE BENEFICIARIES ARE DESIGNATED TO
TAKE SUCCESSIVELY BECAUSE OF SURVIVORSHIP UNDER
ANOTHER PERSON'S DISPOSITION OF PROPERTY AND THERE IS
NOT SUFFICIENT EVIDENCE THAT THESE BENEFICIARIES HAVE
DIED OTHER THAN SIMULTANEOUSLY, THE PROPERTY DISPOSED
OF SHALL BE DIVIDED INTO AS MANY EQUAL PORTIONS AS
THERE ARE SUCCESSIVE BENEFICIARIES, AND THESE PORTIONS
SHALL BE DISTRIBUTED TO THOSE WHO WOULD HAVE TAKEN IN
THE EVENT THAT EACH DESIGNATED BENEFICIARY HAD
SURVIVED.
REVISOR'S NOTE: This section presently appears as
Art. 35, §84. The only changes made are in
style.
SEC. 10-803. JOINT TENANTS OR TENANTS BY ENTIRETY.
WHERE THERE IS NO SUFFICIENT EVIDENCE THAT TWO
JOINT TENANTS OR TENANTS BY THE ENTIRETY HAVE DIED
OTHER THAN SIMULTANEOUSLY, THE PROPERTY HELD SHALL BE
DISTRIBUTED ONE HALF AS IF ONE HAD SURVIVED AND ONE
HALF AS IF THE OTHER HAD SURVIVED. IF THERE ARE MORE
THAN TWO JOINT TENANTS AND ALL OF THEM HAVE SO DIED,
THE PROPERTY DISTRIBUTEE SHALL BE IN THE PROPORTION
THAT ONE BEARS TO THE WHOLE NUMBER OF JOINT TENANTS.
REVISOR'S NOTE: This section presently appears as
Art. 35, §85. The only changes made are in
style.
SEC. 10-804. INSURANCE POLICIES.
WHERE THE INSURED AND THE BENEFICIARY IN A POLICY
OR LIFE OR ACCIDENT INSURANCE HAVE DIED AND THERE IS
NO SUFFICIENT EVIDENCE THAT THEY HAVE DIED OTHER THAN
SIMULTANEOUSLY, THE PROCEEDS OF THE POLICY SHALL BE
DISTRIBUTED AS IF THE INSURED HAD SURVIVED THE
BENEFICIARY.
REVISOR'S NOTE: This section presently appears as
Art. 35, §86. A change is made in style and
punctuation.
SEC. 10-805. OPTION OF DECEDENT.
THIS SUBTITLE SHALL NOT APPLY IN THE CASE OF
WILLS, LIVING TRUSTS, DEEDS, OR CONTRACTS OF INSURANCE
WHERE PROVISION HAS BEEN MADE FOR DISTRIBUTION OF
PROPERTY DIFFERENT FROM THE PROVISIONS OF THIS
SUBTITLE.
|