§ 524.3-1007 — Certificate Discharging Liens Securing Fiduciary Performance
Plain-Language Summary
This section lets a personal representative release a lien that was put in place to guarantee their performance once their job is finished. After the appointment has ended, the personal representative (or their sureties or a successor) may file an application stating that no estate-related case is pending and obtain a certificate from the registrar showing the estate appears to have been fully administered. That certificate discharges any lien on property pledged to secure the personal representative's obligation in lieu of a bond, but it does not prevent later legal action against the personal representative or the surety.
524.3-1007 CERTIFICATE DISCHARGING LIENS SECURING FIDUCIARY PERFORMANCE.
After the appointment has terminated, the personal representative, the personal representative’s sureties, or any successor of either, upon the filing of an application showing, so far as is known by the applicant, that no action concerning the estate is pending in any court, is entitled to receive a certificate from the registrar that the personal representative appears to have fully administered the estate in question. The certificate evidences discharge of any lien on any property given to secure the obligation of the personal representative in lieu of bond or any surety, but does not preclude action against the personal representative or the surety.
History:
1974 c 442 art 3 s 524.3-1007; 1976 c 161 s 12; 1986 c 444
History: History: 1974 c 442 art 3 s 524.3-1007; 1976 c 161 s 12; 1986 c 444