H.B. 99 VETOES
House Bill No. 99
AN ACT concerning
Estates - Modified Administration - Final Report and Distribution -
Extension
FOR the purpose of providing that the initial time periods for filing a final report and
for making distribution of an estate in a modified administration of the estate
are extended for a certain period on consent for extension by certain persons
under certain circumstances; altering the time requirement for making
distribution of an estate in a modified administration of the estate for purposes
of a requirement that a modified administration be revoked if distribution is not
made within a certain time; providing for the application of this Act; and
generally relating to an extension of the time periods for filing a final report and
for making final distribution of an estate in a modified administration of the
estate.
BY repealing and reenacting, with amendments,
Article - Estates and Trusts
Section 5-703 and 5-708(a)(5)
Annotated Code of Maryland
(2001 Replacement Volume and 2002 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Estates and Trusts
5-703.
(A) THE INITIAL TIME PERIODS FOR FILING A FINAL REPORT AND FOR
MAKING DISTRIBUTION TO EACH LEGATEE AND HEIR ARE EXTENDED FOR 90 DAYS
ON A CONSENT FOR EXTENSION OF THE TIME PERIODS SIGNED BY THE PERSONAL
REPRESENTATIVE AND EACH INTERESTED PERSON AND FILED WITHIN 10 MONTHS
FROM THE DATE OF APPOINTMENT.
(B) A register of wills or a court may not extend the time periods established
under this subtitle.
5-708.
(a) A modified administration shall be revoked by the:
(5) Failure to timely file the final report under modified administration
and make TIMELY distribution [within 12 months from the date of appointment]; or
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be
construed to apply only prospectively and may not be applied or interpreted to have
any effect on or application to any decedent who dies before the effective date of this
Act.
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