Source: http://legislature.maine.gov/legis/statutes/18-C/title18-Csec3-1201.html
Timestamp: 2020-08-12 07:25:54
Document Index: 493545759

Matched Legal Cases: ['§3', '§3', '§3', '§3', 'art 12', '§3', '§2', '§14', '§2', '§14', '§2', '§14', '§2', '§14']

Title 18-C, §3-1201: Collection of personal property by affidavit
§3-1201 PDF
§3-1201 MS-Word
§3-1102
Part 12: COLLECTION OF PERSONAL PROPERTY BY AFFIDAVIT AND SUMMARY ADMINISTRATION PROCEDURES FOR SMALL ESTATES
§3-1201. Collection of personal property by affidavit
1. Affidavit; duty to deliver property. Thirty days after the death of a decedent, any person indebted to the decedent or having possession of personal property or an instrument evidencing a debt, obligation, stock or chose in action belonging to the decedent shall make payment of the indebtedness or deliver the personal property or an instrument evidencing a debt, obligation, stock or chose in action to a person claiming to be the successor of the decedent upon being presented an affidavit made by or on behalf of the successor stating that:
A. The value of the entire estate, wherever located, less liens and encumbrances, does not exceed $40,000; [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
B. Thirty days have elapsed since the death of the decedent; [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
C. No application or petition for the appointment of a personal representative is pending or has been granted in any jurisdiction; and [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
D. The claiming successor is entitled to payment or delivery of the property. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
2. Securities. A transfer agent of any security shall change the registered ownership on the books of a corporation from the decedent to the successor or successors upon the presentation of an affidavit as provided in subsection 1.