The bill amends section 30.1-23-01 of the North Dakota Century Code, which pertains to the administration of small estates. It allows individuals who are indebted to a decedent or possess their tangible personal property to transfer these assets to a claimed successor after thirty days from the decedent's death. The successor must present an affidavit confirming 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 they are entitled to the property. Additionally, the bill stipulates that transfer agents of securities must update the registered ownership from the decedent to the successor upon receiving the appropriate affidavit. This amendment aims to streamline the process of transferring small estates, making it easier for successors to claim their inheritance without the need for lengthy legal proceedings.

Statutes affected:
INTRODUCED: 30.1-23-01
Enrollment: 30.1-23-01