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116 LAWS OF MARYLAND [Ch. 11
PERSONAL REPRESENTATIVE WITHIN 15 DAYS FROM THE DATE OF
WRITTEN DEMAND, THE PERSONAL REPRESENTATIVE MAY SELL AT
EITHER PUBLIC OR PRIVATE SALE THE PROPERTY SPECIFICALLY
BEQUEATHED TO SATISFY THE EXCESS CHARGES, TAXES, AND
EXPENSES ACCRUED. PROCEEDS OF THE SALE IN EXCESS OF THE
CHARGES, TAXES, AND EXPENSES, INCLUDING THE EXPENSES OF
THE SALE, SHALL SUBSEQUENTLY BE DISTRIBUTED TO THE
SPECIFIC LEGATEE IN FULL SATISFACTION OF THE SPECIFIC
LEGACY. IN THE EVENT THAT THE PROCEEDS OF THE SALE ARE
INSUFFICIENT TO SATISFY CHARGES, TAXES, AND EXPENSES
INCIDENT TO THE SPECIFICALLY BEQUEATHED PROPERTY, THEN
THE PERSONAL REPRESENTATIVE MAY PAY THE EXCESS EXPENSES,
TAXES, AND OTHER CHARGES OUT OF THE RESIDUARY ESTATE.
(2) TO ALL OTHER LEGATEES, EXCEPT LEGATEES OF
PECUNIARY LEGACIES NOT IN TRUST, THE BALANCE OF THE
INCOME, LESS TAXES, ORDINARY REPAIRS, AND OTHER EXPENSES
OF MANAGEMENT AND OPERATION RELATING TO ALL OTHER
PROPERTY FROM WHICH THE ESTATE IS ENTITLED TO INCOME, THE
BALANCE OF INTEREST ACCRUED SINCE THE DEATH OF THE
DECEDENT, AND THE BALANCE OF TAXES IMPOSED ON INCOME
WHICH ACCRUE DURING THE PERIOD OF ADMINISTRATION, IN
PROPORTION TO THEIR RESPECTIVE INTERESTS IN THE
UNDISTRIBUTED PROPERTY OF THE ESTATE COMPUTED AT THE
TIMES OF DISTRIBUTION ON THE BASIS OF INVENTORY VALUE.
THIS PARAGRAPH DOES NOT APPLY TO A SURVIVING SPOUSE OR TO
TAXES ON CAPITAL GAINS.
(C) INCOME TO TRUSTEE.
INCOME RECEIVED BY A TRUSTEE UNDER SUBSECTION (B)
SHALL BE TREATED AS INCOME OF THE TRUST.
REVISOR'S NOTE: This section presently appears as
Art. 93, §7—304. The only changes are in
style and language.
7-305. WHEN TO RENDER ACCOUNTS.
(A) GENERAL.
ACCOUNTS SHALL BE RENDERED BY THE PERSONAL
REPRESENTATIVE
(1) WITHIN NINE MONTHS FROM THE TIME NOTICE
IS GIVEN PURSUANT TO §7-103;
(2) WITHIN SIX MONTHS AFTER THE ACCOUNT
REFERRED TO IN PARAGRAPH (1) AND WITHIN SIX MONTHS AFTER
EACH ACCOUNT THEREAFTER UNTIL THE FILING OF THE FINAL
ACCOUNT;
(3) UPON TERMINATION OF HIS APPOINTMENT, AS
PROVIDED IN TITLE 6, SUBTITLE 3; AND
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