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18-C §6-409. Requirements

18-C ME Rev Stat § 6-409 (2019) (N/A)
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§6-409. Requirements

A transfer on death deed:   [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

1.  Essential elements and formalities.  Except as otherwise provided in subsection 2, must contain the essential elements and formalities of a properly recordable inter vivos deed;

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

2.  Death of transferor.  Must state that the transfer to the designated beneficiary is to occur at the transferor's death; and

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

3.  Recorded before transferor's death.  Must be recorded before the transferor's death in the public records in the registry of deeds in the county where the property is located.

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

SECTION HISTORY

PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).

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