§ 5-503. Notice of appointment and description of all real and leasehold property owned by dece...
West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Estates and Trusts, § 5-503
§ 5-503. Notice of appointment and description of all real and leasehold property owned by decedent
(a) As used in this subtitle, “leasehold property” refers only to a leasehold interest in real property.
(b) A foreign personal representative shall:
2. 2 months after the foreign personal representative mails or otherwise delivers to the creditor a copy of this published notice or other written notice, notifying the creditor that the creditor's claim will be barred unless the creditor presents the claim within 2 months from the mailing or other delivery of the notice;
(c)(1) Within the time periods provided under subsection (b) of this section, a creditor may file with the register a written statement of the creditor's claim, in the form set forth in § 8-104(c) of this article, and if a foreign personal representative has instituted a proceeding under this subtitle deliver or mail a copy of the statement to the personal representative.
(ii) Unless and until a release of a validly recorded claim has been recorded, or the claim has finally been determined in favor of the personal representative, the claim shall constitute a lien against the real and leasehold property owned by the decedent in the county at the time of death for a period of 12 years from date of death.
Credits
Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 1975, c. 88; Acts 1989, c. 496, § 1; Acts 1992, c. 226; Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, §§ 5-501A, 5-503.
MD Code, Estates and Trusts, § 5-503, MD EST & TRST § 5-503
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |