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§58-393.
§58-393.
A. At any time ten (10) or more days after the date of death of a
decedent, any person indebted to the decedent or having possession of
tangible personal property or an instrument evidencing a debt,
obligation, stock, chose in action, or stock brand belonging to the
decedent shall make payment of the indebtedness or deliver the
tangible personal property or an instrument evidencing a debt,
obligation, stock, chose in action, or stock brand 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:
1. The fair market value of property located in this state owned by
the decedent and subject to disposition by will or intestate
succession at the time of the decedent's death, less liens and
encumbrances, does not exceed Ten Thousand Dollars ($10,000.00);
2. No application or petition for the appointment of a personal
representative is pending or has been granted in any jurisdiction;
3. Each claiming successor is entitled to payment or delivery of the
property in the respective proportions set forth in the affidavit; and
4. All taxes and debts of the estate have been paid or otherwise
provided for or are barred by limitations.
B. 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 A of this section.
C. The public official having cognizance over the registered title of
any personal property of the decedent shall change the registered
ownership from the decedent to the successor or successors upon the
presentation of an affidavit as provided in subsection A of this
section.
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