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2001 SESSION

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019592980
HOUSE BILL NO. 2613 House Amendments in [ ] -- January 30, 2001 A BILL to amend and reenact § 26-12.3 of the Code of Virginia, relating to waiver of inventory and settlement for certain estates. ---------- Patron Prior to Engrossment--Delegate Watts ---------- Referred to Committee for Courts of Justice ----------

Be it enacted by the General Assembly of Virginia:

1. That § 26-12.3 of the Code of Virginia is amended and reenacted as follows:

§ 26-12.3. Waiver of inventory and settlement for certain estates.

When an (i) a personal estate under the supervision and control of the personal representative or curator does not exceed $ [ 10,000 15,000 ] in value, (ii) the personal representative or curator does not have the power of sale over real estate, and (iii) an heir, beneficiary or creditor whose claim exceeds the value of the estate seeks qualification, the clerk shall waive inventory under § 26-12 and settlement under § 26-17.