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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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