Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1901-04-19
thin three ea) us from rne payment

-if&ZpE% -Ea
within three go years from the payment
thereof. 80
Sec; Z. Any person or corporation bene-
asian y =, interested crest any, any Pre- property aaf
and executors, admindstrators and trust
ees thereof, as herein provided not re-
auirsd to pay such tax until the person sans3
e6a Reee eoms. Ds imta afbsyI astasf pass SESSION
or enjoyment thesas5f2,; Shall give a bond
to the state in a penalty OF three Tunes
the amoa IN th Of n ang such 81 ao,, tax 81 Win fha p saqe
or county may approve, conditioned for
the payment Of such tax, or interest
thereon at such tt1he or period as the ne Ter,
therein, may. come INTO the actual pos
s Wbia9 bond 81 %e sSeil ~ f5iig e : IL ihe p ofIea y
the probate court.
Such bond must be- executed and filed
and a full return Of such property upon
path made to the probate court WITHIN
one year from the-date of transfer there,
Of as herein provided, and such bond
must be renewed every five years.
Sec. 8. II a testator beQDeaths OK de-
vises! propafty to one or more executors
or trustees In lieu Of their commission or
allowance, or MAKES them his legatees to
an amount exceeding the commission or
allowance prescribed by law for an exec
utor or trustee. the excess IN value SO
Of commissions OF allowances prescribed
by law In similar cases. shall be taxable
under this act. aaaa
Sec. 8. II a foreign executor, admin
istrator or trustee Shall assign or trans
fer any stock or obligations in this state
standing in the name Of the decedent,
or in trust for q decedsnt, liable to any
such tax' the tax snail 20 pala 10 the
treasurer of this proper county on this
transfer thereof.
No safe deposit company, bank or other
institution, person. or persons holding Sc
curlty or assets Of a ifecelent shal de-
| llVGT or Transfer fha S9rna TO fnA GX-
%ecutors, administrators or legal repre-
sentatives Of said decedent, unless notice
Of the time and place Of such intended
transfer be served upon the county treas
urer at least five 90 days prior to the
the said transfer. And it shall be lawful
for the said county treasurer per
of UGH delivery Or transfer. Fail
ure to serve such notice or allow such
examination shall render said safe de-
post trust company, bank, or
other institution, person or persons, LA
bic to the payment Of the tax due upon
said security or assets, pursuant to the
provisions of this act.
Sec. 10. The probate court Of every
county OF the state having jurisdiction
to- grant Letters te~stanrentary or of adj
minlstraton upon the estate of a decd
ent whose property is chargeable with
n tax under this act, or to appoint a
trustee of such estate, or any part there
Of. or to give ancillary letters thereon,
SldLl .udVS JURISDICTION TO NEAR ana Ue-
termine all questions arising under the
provisions Of this act, and to do any act
IN relation thereto authorized by law to
be done by a probate court in other mat
jurisdiction, and If two or more pro-
bate courts shall be entitled to exercise
such Jurisdiction, the probate court first
acquiring Jurisdiction hereunder shall
retain the same to the exclusion Of every
other probate court.
Every petition for ,a1lcillary letters,
testamentary or ancillary letters Of adj
provisions of the probate code Of this
state in relation thereto, shall set forth
! the name OF the county treasurer as q
person to be cited upon tho hearing Of
statement Of all the decedent's property
in this state n the value thereof, and
upon the presentation thereof, the pro-
ed to such county treasurer and upon the
return Of the citation the probate court
shall determine the amount Of the tax
provisions Of this act, and his decree
provisions for the payment Of such tax
OF. the giving Of security therefor, which
might be made by such probate court, If
the county treasurer were a creditor Of:
decedent. 49, 49,
Sec. II. The probate court, upon the
application Of any Interested party, in
cludang county tr~easurers, or upon his
own motion, shall, as often as and when
occasion requires, appoint two competent
persons per as appraisers to fix the fair mar
thereof, OF properly Of persons whose
estates SHAH, b. subjectstos the payment
OF. amy tax imposed by this act.
which hi i aan e Rt aep IS }mp ppaa t aRan tf se an e 81
tate, income, or interest for q term Of
years, or for a life, or d~etermhnable upon
any future or contingent estate, or shall
b a remainder or reversion or other
expectancy. the entire property or funds
by which such. estate, income OF interest
IS supported or Of which It is a part.
transfer, OF as soon thereafter as may
be practicable at. the fair and clear mar
ket value thereof, at that time.
Provided. however, that when such es-
a nature that its fair and clear market
value cannot be ascertained at such
time, 1t shall be appraised In k manner
comes ascertainable.
The value Of every future, or contin-
gent or limited estate. Income, interest or
In being, shall be determined by the rule,
value. employed BY the insurance com
missioner mis- S5 7,a Of this state n aseertairhng
Tor the discrimination OF liabilities Of
life Insurance companies, except that the
rate rat Of interest for computing the pres
interests or estates, shall be five ~ per
centrum per annum.
Sec. II. Every ouch appraiser shall
forthwith CIV notice by mail to all per-
sons known to have a claim or interest
In the property to be appraised, including
the county treasurer and to such persons
as the - pT t3]s eco court may, by order, di-
will appraise such property
They shall at such time and place APP
praise the same at its fair market value
pose the said appraisers are authorized
to issue subpoenas and to compel the at
tendance Of Witnesses before them and
to take evidence of such witnesses under
oath, concerning such property and the
value thereof, and they shall make re-
port thereof and Of such value in writ
Ing TO the said probate court, together
examined, and such other. facts in rela-
ton thereto and to the said matter as
said probate court may order or require.
Every appraiser shall be paid ON the GER
t1ficate OF the probate court at the rate
Of three dollars per day for each day
actually and necessarily employed in such
appraisal. and their actual and necessary
travelling expenses. and the fees paid
such Witnesses, which fees shall be the
same as those now paid to witnesses SUBJ
poenaed to attend In courts. of record,
he may nave in his hands on account Of
n tax imposed under the provisions
Of this act. :}t44
Sec. 10. The report of the appraisers
SlpdL1 NO l!SN III llG6 OlllC5 u Ing pICQt1Io
court, and from such report and other
proof relating to any such. estate before
the probate court, the court shall forth
with, as Of course, determine the cash
value of all such estates and the amount
Of tax to which the same are liable with
out appointing n appraisers.
The insurance commissioner, shall on
the application of any probate court, de-
termine the value Of any, such future or
contingent estates, income, or interest,
limited, contingent, dependent or detere
ing, upon the facts contained in any re-
port Of U appraisers, and certify the