Ch. 711                                    LAWS OF MARYLAND

persons may be employed to appraise different kinds of assets
included in the inventory. The names and addresses of any
appraiser shall be indicated on the inventory with the item or
items he appraised; or

(ii) He may request that the register of wills
appoint one or more qualified disinterested persons to appraise
all or a portion of the assets required to be appraised.

Article - Estates and Trusts

7-202.

(a) 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 OR OVER THE
COUNTER SECURITIES 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.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved June 2, 1987.

CHAPTER 711

(House Bill 1254)

AN ACT concerning

Franchise Taxes. - Gross Receipts Tax Rate

FOR the purpose of establishing a certain uniform rate of gross
receipts tax; deleting obsolete terms; providing for the
application of this Act; and clarifying language.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 129 and 130

Annotated Code of Maryland

(1980 Replacement Volume and 1986 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

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