Me. Stat. tit. 18-C § 3-1201 : C - PROBATE CODE — PROBATE OF WILLS AND ADMINISTRATION — COLLECTION OF PERSONAL PROPERTY BY AFFIDAVIT AND SUMMARY ADMINISTRATION PROCEDURES FOR SMALL ESTATES —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; [ 2017, c. 402, Pt. A, §2 (NEW); 2019, c. 417, Pt. B, §14 (AFF).]
B. Thirty days have elapsed since the death of the decedent; [ 2017, c. 402, Pt. A, §2 (NEW); 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 [ 2017, c. 402, Pt. A, §2 (NEW); 2019, c. 417, Pt. B, §14 (AFF).]
D. The claiming successor is entitled to payment or delivery of the property. [ 2017, c. 402, Pt. A, §2 (NEW); 2019, c. 417, Pt. B, §14 (AFF).]

[ 2017, c. 402, Pt. A, §2 (NEW); 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.

[ 2017, c. 402, Pt. A, §2 (NEW); 2019, c. 417, Pt. B, §14 (AFF).]

18-C M.R.S. § 3-1201

Amended by 2019, c. 417,§ B-14, eff. 6/20/2019.
Added by 2018, c. 402,§ A-2, eff. 7/1/2019.
SECTIONS