Maryland Code, ESTATES AND TRUSTS 2-301
Terms Used In Maryland Code, ESTATES AND TRUSTS 2-301
- Appraisal: A determination of property value.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Personal representative: includes an administrator and an executor. See
(2) Subject to the approval of the Comptroller, the register may fix the conditions of their employment and their remuneration.
(b) (1) If a register exercises the register’s authority to appoint standing appraisers, all property required to be independently appraised but not appraised by special appraisers under § 7-202(e) of this article shall be appraised by standing appraisers.
(2) If a register does not appoint standing appraisers, the register shall, with respect to any estate which contains property required to be independently appraised but not appraised by special appraisers, appoint general appraisers as provided in § 2-302 of this subtitle.
(c) An appraisal fee is payable only to a person making an appraisal requested by the personal representative, and is always subject to review by the court.