Volume 799, Page 3562 View pdf image |
H.B. 284 VETOES Article - Estates and Trusts Section 5-702 Annotated Code of Maryland (2001 Replacement Volume and 2002 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article - Estates and Trusts 5-702. An election for modified administration may be filed by a personal (1) All residuary legatees of a testate decedent and the heirs at law of an (i) [Personal] DECEDENT'S PERSONAL representative; AND (ii) [Surviving spouse; and (iii) Children] INDIVIDUALS OR ENTITIES EXEMPT FROM (2) ALL TRUSTEES OF EACH TRUST, IF ANY, CREATED IN THE (I) PERSONAL REPRESENTATIVE; (II) SURVIVING SPOUSE; AND (III) CHILDREN; [(2)] (3) The estate is solvent and sufficient assets exist to satisfy all [(3)] (4) A verified final report under modified administration is filed [(4)] (5) Final distribution of the estate can occur within 12 months from [(5)] (6) All residuary legatees of a testate decedent and the heirs at law SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be - 3562 -
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Volume 799, Page 3562 View pdf image |
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