72-16-503. Additional filings required when real property involved and no representative -- release of lien. (1) If an interest in real property is involved under 72-16-502, the applicant shall record with the clerk and recorder of each county in which the real property or any part of the property is located a document containing those matters required by 7-4-2613(3). A surviving joint tenant who is the surviving spouse is not subject to the recording requirements under 7-4-2613(3).
     (2) The surviving joint tenant who is the surviving spouse with an interest in real property under 72-16-502 shall record with the clerk and recorder of each county in which the real property is located an acknowledged statement that the holder of the nonprobate interest has died and that the holder's interest in the property is terminated. The acknowledged statement must include a legal description of the real property.
     (3) The recording of the documents under subsection (1) or (2) constitutes release of any lien for inheritance taxes.

     History: En. 91-4471 by Sec. 2, Ch. 409, L. 1977; R.C.M. 1947, 91-4471(1), (3); amd. Sec. 2, Ch. 377, L. 1981; amd. Sec. 2, Ch. 391, L. 1995.