[§236E-12] Department to issue release; final settlement of account.

137 words·~1 min read·/hi/236e-12

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The department shall issue an automatic release of estate tax liability to the personal representative when:

(1)No estate tax is imposed by this chapter and upon the receipt of a request for a release, if the release includes the sworn statement of the personal representative or agent that in fact no taxes are due; or

(2)The estate taxes due under this chapter have been paid as prescribed in section 236E-9, and the request for a release includes the sworn statement of the personal representative that in fact all taxes due have been paid.

(b)The obtaining of a release shall confer upon the personal representative sufficient authority to effectuate the transfer of all property composing the decedent's estate. [L 2012, c 220, pt of §1]