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Session Laws, 1974
Volume 713, Page 112   View pdf image
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112                                          LAWS OF MARYLAND                          [Ch. 11

(5)   BANK ACCOUNTS, BUILDING, SAVINGS AND LOAN
ASSOCIATION SHARES, AND MONEY;

(6)    DEBTS OWED TO THE DECEDENT BY THE
PERSONAL REPRESENTATIVE; AND

(7)     ANY OTHER INTEREST IN TANGIBLE OR
INTANGIBLE PROPERTY OWNED BY THE DECEDENT WHICH PASSES BY
TESTATE OF INTESTATE SUCCESSION.

REVISOR'S NOTE: This section presently appears as
Art. 93, §7—201. The provisions of subsection
(b) of this section are incorporated in
subsection (a) by adding the words "and file."
The only other changes are in style and
language.

7-202. APPRAISALS.

(A) BY PERSONAL REPRESENTATIVE.

THE VALUE OF EACH ITEM LISTED IN THE INVENTORY SHALL
BE FAIRLY APPRAISED AS OF THE DATE OF DEATH AND STATED IN
THE INVENTORY. THE PERSONAL REPRESENTATIVE MAY APPRAISE
THE CORPORATE STOCKS LISTED ON A NATIONAL OR REGIONAL
EXCHANGE AND ITEMS IN CATEGORIES (4) AND (5) OF §7-201.
HE SHALL SECURE AN INDEPENDENT APPRAISAL OF THE ITEMS IN
ALL OF THE OTHER CATEGORIES. HE MAY SELECT ONE OF THE
METHODS SPECIFIED IN THIS SECTION.

(B) OFFICIALLY APPOINTED APPRAISERS.

THE PERSONAL REPRESENTATIVE MAY APPLY FOR APPRAISAL
BY APPRAISERS DESIGNATED BY THE REGISTER UNDER §§
2-301 (A) OR 2-302.

(C) SPECIAL APPRAISERS.

THE PERSONAL REPRESENTATIVE MAY EMPLOY A QUALIFIED
AND DISINTERESTED APPRAISER TO ASSIST HIM IN ASCERTAINING
THE FAIR MARKET VALUE, AS OF THE DATE OF THE DEATH OF THE
DECEDENT, OF AN ASSET THE VALUE OF WHICH MAY BE FAIRLY
DEBATABLE. DIFFERENT PERSONS MAY BE EMPLOYED TO APPRAISE
DIFFERENT KINDS OF ASSETS INCLUDED IN THE ESTATE. THE
NAME AND ADDRESS OF EACH APPRAISER SHALL BE INDICATED ON
THE INVENTORY WITH THE ITEM OR ITEMS HE APPRAISED.

(D) FEES.

REASONABLE APPRAISAL FEES SHALL BE ALLOWED AS AN
ADMINISTRATION EXPENSE.

REVISOR'S NOTE: This section presently appears as
Art. 93, §7—202. A subsection is added for

 

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Session Laws, 1974
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