PARRIS N. GLENDENING, Governor Ch. 596
CHAPTER 596
(Senate Bill 510)
AN ACT concerning
Estates - Personal Representatives - Election for Modified Administration
FOR the purpose of authorizing a personal representative of an estate to file for an
election for modified administration under certain circumstances; prohibiting a
Register of Wills or a court from extending certain time periods in this Act;
providing certain duties for a personal representative on filing an election for
modified administration; requiring that an election for modified administration
contain certain information; requiring certain persons to consent, with notice of
certain facts, to a modified administration; providing the circumstances under which
a modified administration shall be revoked and the consequences of a revocation;
requiring a final report under modified administration to include certain
information; providing a deadline for the closing of an estate under modified
administration; providing the method by which the value of an estate shall be
determined under a modified administration; providing for a certain period of
limitations for certain claims or demands under certain circumstances; providing the
time for the assessment and collection of probate fees and inheritance tax due on
estates under modified administration; defining a certain term; and generally
relating to the election for modified administration by personal representatives for
certain estates.
BY repealing and reenacting, with amendments,
Article - Estates and Trusts
Section 2-206 and 10-103(a)
Annotated Code of Maryland
(1991 Replacement Volume and 1996 Supplement)
BY adding to
Article - Estates and Trusts
Section 5-701 through 5 709 5-710 to be under the new subtitle "Subtitle 7.
Modified Administration"
Annotated Code of Maryland
(1991 Replacement Volume and 1996 Supplement)
BY repealing and reenacting, with amendments,
Article - Tax - General
Section 7-217
Annotated Code of Maryland
(1988 Volume and 1996 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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