59-1507b. Transfer of certain personal property to successor, discharge and release, affidavit.
59-1507b
59-1507b. Transfer of certain personal property tosuccessor, discharge and release, affidavit.When a resident of the state dies, whether testate or intestate,if the total assets of the estate of the decedent subject to probate donot exceed $40,000 in value, any personal property of whatever naturetransferable to the decedent'sestate by any entity or person shall be transferredto the successor orsuccessors of the decedent, if entitled thereto by will or by intestatesuccession, without having been granted letters of administration orletters testamentary, upon such successor's or successors' furnishing theentity or person with an affidavit showingentitlement thereto.Transfer of such personal propertyto the successor or successors shall bedeemed to be a transfer to the personal representative of the decedent, andthe receipt of the successor or successors shall constitute a fulldischarge and release from any further claim for such transfer to the sameextent as if the transfer had been made to an executor or administrator ofthe decedent's estate. The affidavit required hereinshall be deemed sufficient if in substantial compliance with the form set forthby the judicial council.
History: L. 1980, ch. 166, § 7;L. 1985, ch. 191, § 25;L. 1987, ch. 210, § 1;L. 2000, ch. 25, § 4;L. 2005, ch. 101, § 2;L. 2007, ch. 28, § 1;L. 2008, ch. 14, § 3; July 1.