The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1901-04-20

chargeable WITH tax sunlisr t fape ~
@ sISuoiS, administrators and trust
ees lnereof, as herein provided not re-
OF persons beueGcialiy interested hen syn
snail come into t;the actual possession
or enjoyment thereof, shall give q bond
70 70 the state IN a penalty OF three times
the amount of any, such tax. with such
surettes as the probats court OF the prom
er county may approve conditioned for
the payment of such tax. or Interest
s sme0eo o aI such time or period as the per-
son or persons benedcially interested
tneTem may come into the actual pos
session Or enjoyment of such property
which BOND shaalobe fled In the office Of
the probate court - k~r. -
such bond must be executed and filed
and full return Of such property. unon
oaLh~ mads 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. IF a testa,tor beoueaths ar 10.
ylses property to- one ca more executors
or trustees In lieu of their commission or
allowance, OF makes them his legatees to
allowance prescribed BY Law for an exec
~utor or trustee, the excess in value 81
nequeathed or devised above the amount
OF COMMISSIONS Or allowances prescribed
by law IN similar cases, shall be- taxable
under this act. ~
pee. .. II a foreign executor, admin
lstralor or trustee shall assign or trans
Ter any stock or obligations In this state
standing In the name Of the decedent'
or In trust for a decedent, liable to anv
such tax. the tax snail be- paid 10 the
treasurer of this proper: county on tha
transfer thereof ''~zz >-'"'
No safe deposit company, bank or other
institution, person or PERSONS holdirs Sc
cur1ty or assets Of a dece lent shaI1 do.
liver or transfer the same to The ey-
senfo fi;,es I'D or legal repre-
OF the Time and place Of such Intended
transfer pc served upon the county treas
t,I at least five o. days. prior to the
for e St the said n And 1t shall be lawful
anime said securities at the time
Ore i to eerS aen E1ay Or transfer Fail
examination shall render said safa A.
post company. trust company, bank. or
oIEer It's ututor, person or persons. la
s oa9 70 ING payment Of the tax due upon
provisions Of this act ~ ''i'
Sec, 10. Tho probate eo,ert az a,,o,,,
county OF the state having j11risdfctoH
70 grant Letters testamentary or of ad-
LA, 1tns 5.1G ason upon the estate Of deced-
any tax under this act, OF to apnodnt a
trustee OF such estate, or any part there
OF ehsr or TO glXe, anoil1ary letters thereon,
termine all questions arising under The
proVS1ons OF this act, and to do anv act
1n relation thereto authorized by law to
te uon} 10. oy pr9bate court in other mat
jurisddct1op and E S0n ng within It's
bate courts shall Be entitled to eser pioa
such Jurisdiction, the probate court first
ACQUIRING Jurisdiction hereunder shall
other probate court. .s< ~,
Every petition for ancillary letters.
testamentary or aneillary letters Of al.
n nm,mSsraslon made In pursuance of the
state IN relation thereto, shall set fort tl h
the name OF the county treasurer az. -. .
person to be cited upon the hearing of
stafard pH1ieio on ana true and correct
IN this state and the value thereof any ~
upon the presentation, thereof, the nro-
pate court shall issue a. citation direct
r e 70 s &c go county treasurer and upon the
snail determine the arnount of the tax
WINCH may be or become due under t11e
a pToxl5inns ~ OF thfs act and his decree
PROVISIONS i for t tGtters may contain any
or 9th. the giving Of security therefor. which a
Mflsht be made by such probate co,1rt- ~
d dne sounty treasurer were creditor Of
Seq. Il. The probate court ,,non +na
alPpdiieat1on Of any Interested party, In
eluoAlS county treasurers, or 1lnnn- hIs
o oMn Haotlon, shall, as often as, and wf1er,
PERSONS ~ see a,,,s, appoint two competent
J,o&
M <, value at; the tiane4 Of tic transfer
e GltsnteoI, OF property of persons whose
estates es shaus' be subject TO- the paynaen}
f the property = upon; the. 1 Insnsfa- ~
WI tax Is imposed shall be an es-
taoe, income, or interest For a term of
sars or Tor a life, or determinable upon
pc remainder or revarsion or otIa1.
expectancy. the entire property or finds
~ ~ r Macn slch estate, income or interest
Shall 11pP PIP n1 or Of which it is part,
h lan ns OF as soon, thereafter as NAV
pc practicable at the fair and clear mar
Ae5 value thereof, at that time. :.
ts tteoYaded, however, that, when such es-
tate. income, or interest shall be of such
a. a nat nature that it's fair and clear market
vaIue cannot be ascertained at s1fch
s al III 1t shall shall be appraised in like manner
Comes ss si.g wne en- such value first be-
s.e Ine -, value n Of every future, or contin-
gent ,3n! or limited estate, income, interest or
i n haiGy dependant 1y upon any life or lives,
method and standard of mortality and
value, employed by the insurance com
re ne tba OF policies Of Life Insurance
raea insurance as companies, except that the
rae OF Interest for computing the nraso
snt value of all future and contingent
Interests la14 OF estates, shall be five C5) per
Sec y. Every such,z appraiser shall
forthwith give notice by mail to eli mar.
80 Is known to have a claim or interest
- me co,1 properly to be appraised including
olpe Soulty treasurer and to such persons
a 49, ."e PROBATE court may, by order, df
re.gI' OF the time and place when thew
WIN appratse such property:
praise t inaa at such TING ana place ap-
as herein prescribed, and for that mir.
p pose the said appraisers are AUTHORIZED 1s Rusi
20 issue subpoenas and to compel the at
te0loahoe OF witnesses before them and
TO Take evidence Of such witnesses under
GALA concerning such property and tha
value, nhereof, and they shall make re-
R' a ehe PRE- and Of such value In writ
with the depositions of the witnesses
examined, and such other facts In rela-
= ION thereto and to the said matter as
$40 Lnonate court may order or require.
1 ETery appraiser shall be paid ON the Ger
tincate OF the probate court at the rate
OF three dollars pea, day for each day
actually and necessarily employed in such
4%p 1slis' and their actual and necessary
such Witnesses, which fees shall be the
same as those now paid to witnesses SUBJ
R pc, nae TO- to attend in courts OF record,
ne may have In his hands on account Of
of this act. - ,s7.s", 1S->'''
Sec 49,, The report OF: the appraisers
court, and from such report and Other
PROOF relating to any such estate before
one 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 iiable with
out appointing any appraisers
The insurance Commissioners, shall ON
the appheatton OF any probate court, de-
contingent estates, income, Or Interest,
Limited, contingent dependent or deter
mhnable upon the life OF persons in be-
ing, Upon this facts contained In any re-
port OF such appraisers, and certify the
same to the probate court, and his GER
tiheate shalt be conclusive evidence thaa
the method OF computation adopted
therein Is correct, - ~
praisement or assessment and determtn-
alton OF tax, may appeal therefrom to