{"parents":[{"StatuteId":2051986,"Type":"Title","Statute":"29A"},{"StatuteId":2052212,"Type":"Chapter","Statute":"3"},{"StatuteId":2052210,"Type":"Section","Statute":"1201"}],"Previous":"29A-3-1102","Next":"29A-3-1202","StatuteId":2052210,"Statute":"29A-3-1201","Type":"Section","CatchLine":"Collection of personal property by affidavit.","FilePath":null,"FileName":null,"Htmlpath":null,"Htmlfilename":null,"Title":29,"TitleLetter":"A","Chapter":3,"ChapterLetter":null,"Section":1201,"SubSec":null,"SubSection":null,"Word":null,"Html":"

29A-3-1201. Collection of personal property by affidavit.

(a) Thirty days after the 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, or chose in action belonging to the decedent shall make payment of the indebtedness or deliver the tangible 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:

(1)    The value of the entire estate, wherever located, less liens and encumbrances, does not exceed $100,000;

(2)    Thirty days have elapsed since the death of the decedent;

(3)    No application or petition for the appointment of a personal representative is pending or has been granted in any jurisdiction;

(4)    The decedent has not incurred any indebtedness to the Department of Social Services for medical assistance for nursing home or other medical institutional care; and

(5)    The claiming successor is entitled to payment or delivery of the property.

(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).

Source: SL 1994, ch 232, § 3-1201; SL 1995, ch 167, § 136; SL 1997, ch 172, § 1; SL 2002, ch 100, § 26; SL 2003, ch 157, § 1; SL 2022, ch 88, § 1.

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