MARVIN MANDEL, Governor                                   141

OF THE ESTATE.

(D)   RESIDUARY ESTATE.

WHEN THERE IS NO OBJECTION TO THE PROPOSED
DISTRIBUTION, OR WHEN IT IS PRACTICABLE TO DISTRIBUTE
UNDIVIDED INTERESTS, THE RESIDUARY ESTATE SHALL BE
DISTRIBUTED IN KIND. IN OTHER CASES, RESIDUARY PROPERTY
MAY BE CONVERTED INTO CASH FOR DISTRIBUTION.

(E)   RIGHT TO OBJECT.

AFTER THE PROBABLE CHARGES AGAINST THE ESTATE ARE
KNOWN, THE PERSONAL REPRESENTATIVE MAY MAIL OR DELIVER A
PROPOSAL FOR DISTRIBUTION TO ALL PERSONS WHO HAVE A RIGHT
TO OBJECT TO THE PROPOSED DISTRIBUTION. IF NOT WAIVED IN
WRITING, THE RIGHT OF A DISTRIBUTED TO OBJECT TO THE
PROPOSED DISTRIBUTION TERMINATES IF HE FAILS TO OBJECT IN
WRITING RECEIVED BY THE PERSONAL REPRESENTATIVE WITHIN 30
DAYS AFTER MAILING OR DELIVERY OF THE PROPOSAL.

REVISOR'S NOTE: This section presently appears as
Art. 93, §9-104. A subsection is added for
organizational purposes. The only other
changes are in language and style.

9-105. EXECUTION AND DELIVERY OF EVIDENCE OF TITLE.
(A) TRANSFER OF ASSETS.

WHEN DISTRIBUTION IN KIND IS MADE, THE PERSONAL
REPRESENTATIVE SHALL EXECUTE AND DELIVER AN INSTRUMENT OR
DEED OF DISTRIBUTION ASSIGNING, TRANSFERRING, OR
RELEASING THE ASSETS TO THE DISTRIBUTEE AS EVIDENCE OF
THE TITLE OF THE DISTRIBUTEE TO THE PROPERTY.

(E) COSTS.

COSTS PAYABLE AS A CONDITION OF THE RECORDATION OF A
DEED SHALL BE PAID BY THE ESTATE.

(C)   TAXES.

A STATE OR LOCAL EXCISE TAX MAY NOT BE IMPOSED UPON
THE TRANSFER OF PROPERTY OR THE RECORDATION OF AN
INSTRUMENT EXECUTED WITHOUT CONSIDERATION BY A PERSONAL
REPRESENTATIVE.

(D)   INDEXING DEED.

IN ADDITION TO OTHER INDEXING, [[A]] ANY SUCH DEED
RECORDED AMONG THE LAND RECORDS SHALL BE INDEXED IN THE
GRANTOR INDEX UNDER THE NAME OF THE DECEDENT.