Nebraska Statutes 77-2017. Inheritance tax; transfer of stocks or loans by foreign executor or administrator; tax; how paid
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Whenever any foreign executors or administrators shall assign or transfer any stocks or loans in this state standing in the name of the decedent or in trust for a decedent which shall be liable to inheritance tax, the tax shall be paid to the treasury or treasurer of the proper county on the transfer thereof. If not paid by the foreign executor or administrator, the corporation making such transfer shall become liable to pay the tax where the corporation has knowledge before the transfer that the stocks or loans are liable for such tax.
Source
- Laws 1901, c. 54, § 9, p. 418;
- R.S.1913, § 6630;
- C.S.1922, § 6161;
- C.S.1929, § 77-2209;
- Laws 1931, c. 136, § 1, p. 380;
- C.S.Supp.,1941, § 77-2209;
- R.S.1943, § 77-2017;
- Laws 1945, c. 198, § 5, p. 605.
Terms Used In Nebraska Statutes 77-2017
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Decedent: A deceased person.
- Executor: A male person named in a will to carry out the decedent
- Foreign: when applied to corporations shall include all those created by authority other than that of this state. See Nebraska Statutes 49-801
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801