MARVIN MANDEL, Governor                             2319

annotated Code of Maryland (1969 Replacement Volume and
1973 Supplement) be and they are hereby repealed and

re—enacted, with amendments, to read as follows:

Article 81 — Revenue and Taxes
153.

When any property shall be subject to said tax, the
tax shall be paid on the appraised value thereof as shown
in the inventory filed in the office of the register of
wills of the proper county or city and every executor
shall have power, under the order of the orphans' court,
to sell, if necessary, so much of said property as will
enable him to pay said tax. In the event of any
reappraisal or revision of the inventory [pursuant to §§
7-203 or 7-204 of Article 93,] AS PROVIDED IN §§7-203 OR
7-204 OF THE ESTATES ARTICLE OF THE CODE, the tax shall
be paid on the reappraisal or revision.

155.

Within three months after the grant of his letters
every executor shall file with the register of wills a
written report under oath as to all real or personal
property, including bank or building or homestead
association accounts, in which his decedent had an
interest as joint tenant, or an interest for life or for
a tern of years, or any other interest less than an
absolute interest, in trust or otherwise, at the time of
his death, so far as the same is known to the executor.
If the executor knows of no such property the report
shall so state. At the same time the executor shall
report under oath to the register of wills any transfers
of a material part of his decedent's property, in the
nature of a final disposition or distribution thereof,
made by his decedent within two years prior to his death,
other than bona fide sales for an adequate and full
consideration in money or money's worth, so far as the
same are known to the executor. If the executor has no
knowledge of any such transfers the report shall so
state. If any such jointly owned property or other
interests in property less than an absolute estate or any
such transfers shall thereafter come to the knowledge of
the executor he shall immediately report the same to the
register of wills. Wherever provision is made herein
for an oath, it shall be sufficient if the matter is
verified as provided in [§ 1—102 of Article 93] §1-102 OF
THE ESTATES ARTICLE OF THE CODE.

SECTION 7. AND BE IT FURTHER ENACTED, That Section
19 of Article 88D - State Lottery, of the Annotated Code
of Maryland (1969 Replacement Volume and 1973 Supplement)