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§ 3-303. Source of share

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 3. Intestate Succession and Statutory Shares (Refs & Annos)
Subtitle 3. Statutory Share of Pretermitted Child and Issue (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 3-303
§ 3-303. Source of share
Currentness
(a) Property distributed pursuant to § 3-302 of this subtitle shall be paid by the personal representative from the legacies of children of the testator and issue of deceased children who take by representation.
(b)(1) Each person shall contribute in the proportion which the person's legacy bears to all legacies of children of the testator and issue of deceased children taking by representation.
(2) Instead of contributing an interest in specific property to the pretermitted child, a legatee may pay the pretermitted child or the child's issue, in cash or other property acceptable to the pretermitted child or the child's issue, an amount equal to the fair market value of the interest in specific property as of the date of death of the testator.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, § 3-303.
MD Code, Estates and Trusts, § 3-303, MD EST & TRST § 3-303
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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