Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/40-15B-8.htm |
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Depth: | 0 singles |
Size: | 930 bytes |
Modified: | 2009-03-27 10:27:10 |
Categories: | -None- |
Title: | 40-15B-8 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 40-15B-8 Securing payment of estate tax from property in possession of fiduciary. (a) A fiduciary may defer a distribution of property until the fiduciary is satisfied that adequate provision for payment of the estate tax has been made. (b) A fiduciary may withhold from a distributee an amount equal to the amount of estate tax apportioned to an interest of the distributee. (c) As a condition to a distribution, a fiduciary may require the distributee to provide a bond or other security for the portion of the estate tax apportioned to the distributee. (Act 2007-283, p. 501, ยง8.) |