The bill amends section 30.1-23-01 of the North Dakota Century Code, which pertains to the administration of small estates. It allows for the collection of personal property by affidavit thirty days after the death of a decedent. The bill specifies that any person indebted to the decedent or in possession of the decedent's tangible personal property must deliver the property or make payment to a claimed successor upon presentation of an affidavit. This affidavit must confirm that the total value of the estate does not exceed fifty-one hundred thousand dollars, that thirty days have passed since the decedent's death, that no application for a personal representative is pending, and that the successor is entitled to the property. Additionally, the bill allows transfer agents of securities to change the registered ownership from the decedent to the successor upon receiving the appropriate affidavit. This amendment aims to streamline the process for successors to claim small estates, thereby reducing the administrative burden and expediting the transfer of assets.

Statutes affected:
INTRODUCED: 30.1-23-01