Section 7-201 - Duty to prepare and file inventory.
§ 7-201. Duty to prepare and file inventory.
Subject to the provisions of § 7-205, and within three months after his appointment, a personal representative shall prepare and file an inventory of property owned by the decedent at the time of his death, listing each item in reasonably descriptive detail, and indicating its fair market value as of the date of the death of the decedent, and the type and amount of any encumbrance that may exist with reference to the item. The inventory shall include:
(1) Real property;
(2) Tangible personal property, excluding (a) wearing apparel, other than furs and jewelry and (b) provisions for consumption by the family;
(3) Corporate stocks;
(4) Debts owed to the decedent, including bonds and notes;
(5) Bank accounts, building, savings and loan association shares, and money;
(6) Debts owed to the decedent by the personal representative; and
(7) Any other interest in tangible or intangible property owned by the decedent which passes by testate or intestate succession.
[An. Code 1957, art. 93, § 7-201; 1974, ch. 11, § 2.]