§ 9-104. Form of distribution
West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Estates and Trusts, § 9-104
§ 9-104. Form of distribution
(a) Subject to the terms of the will and the needs of administration, the assets of the estate of a decedent shall be distributed in kind to the extent possible through application of the provisions of this section.
(b) A specific legatee shall receive distribution of the legacy given to the specific legatee.
(c) A family allowance or that part of an intestate share, statutory share, or legacy that is otherwise payable in cash may be satisfied by value in kind provided:
(d)(1) When there is no objection to the proposed distribution, or when it is practicable to distribute undivided interests, the residuary estate shall be distributed in kind.
(e)(1) After the probable charges against the estate are known, the personal representative may mail or deliver a proposal for distribution to all persons who have a right to object to the proposed distribution.
Credits
Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 1999, c. 664, § 1, eff. Oct. 1, 1999; Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, § 9-104.
MD Code, Estates and Trusts, § 9-104, MD EST & TRST § 9-104
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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