Ch. 416 1993 LAWS OF MARYLAND
Approved May 27, 1993.                                   

CHAPTER 416
(Senate Bill 216)

AN ACT concerning

Estates and Trusts - Administration of Small Estates - Personal Representative - Bond

FOR the purpose of requiring the personal representative of a small estate that is
established to have a certain value to give bond unless it is expressly excused by the
will or by the written waiver of all interested persons; providing for the application
of this Act; and generally relating to the giving of a bond by the personal
representative of a small estate.

BY repealing and reenacting, with amendments,
Article - Estates and Trusts
Section 5-604(a)
Annotated Code of Maryland
(1991 Replacement Volume and 1992 Supplement)

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

Article - Estates and Trusts

5-604.                                                                                                           .

(a) (1) [Any] UNLESS BOND IS EXPRESSLY EXCUSED BY THE WILL OR BY
THE WRITTEN WAIVER OF ALL INTERESTED PERSONS, A person appointed as a
personal representative in accordance with § 5-603(A)(1) OF THIS SUBTITLE SHALL BE
REQUIRED TO GIVE BOND IF THE ESTATE IS ESTABLISHED TO HAVE A GROSS VALUE
OF $5,000 $10,000 OR MORE AFTER THE PAYMENT OF EXPENSES AND ALLOWANCES
UNDER § 5-603(A)(2) OF THIS SUBTITLE.

(2)      IF THE ESTATE IS ESTABLISHED TO HAVE A GROSS VALUE OF LESS
THAN $5,000 $10,000 AFTER THE PAYMENT OF EXPENSES AND ALLOWANCES UNDER §
5-603(A)(2) OF THIS SUBTITLE, A PERSON APPOINTED AS A PERSONAL
REPRESENTATIVE IN ACCORDANCE WITH § 5-603(A)(1) OF THIS SUBTITLE may not be
required to give bond [or be entitled to receive commissions for the performance of his
duties as personal representative].

(3)      A PERSONAL REPRESENTATIVE UNDER THIS SUBTITLE IS NOT
ENTITLED TO RECEIVE COMMISSIONS FOR THE PERFORMANCE OF THE DUTIES OF A
PERSONAL REPRESENTATIVE.

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