§ 9-106. Rights and duties of distributees upon distribution of assets in kind
West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Estates and Trusts, § 9-106
§ 9-106. Rights and duties of distributees upon distribution of assets in kind
(a) With the exception that the personal representative shall recover the assets or their value if the distribution was improper, title of the distributees who receive from the personal representative an instrument or deed of distribution of assets in kind is conclusive against all persons interested in the estate.
(b)(1) Unless the distribution can no longer be questioned because of adjudication or limitations, a distributee of property improperly distributed is liable to return the property received if the distributee has it or its value.
(c)(1) If property distributed in kind is sold to a purchaser for value by a distributee who has received an instrument or deed of distribution from the personal representative, the purchaser takes good title free of claims of the estate and incurs no personal liability to the estate.
Credits
Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 1999, c. 34, § 1, eff. April 13, 1999; Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, § 9-106.
MD Code, Estates and Trusts, § 9-106, MD EST & TRST § 9-106
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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