Maine § 27 §92 Payment of inheritance and estate tax in works of art

Maine Statutes

§ 27 §92 — Payment of inheritance and estate tax in works of art

Maine § 27 §92

Title 27LIBRARIES, HISTORY, CULTURE AND ART

Ch. 2STATE MUSEUM

This text of Maine § 27 §92 (Payment of inheritance and estate tax in works of art) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 27, § 27 §92 (2026).

Text

A decedent's estate may pay all or part of any tax owed by the decedent's estate to the State by payment in the form of one or more works of art, subject to section 93. An executor, administrator or trustee shall follow the procedure set out in section 93 to make payment in works of art taken from the decedent's estate:

1.Decedent directs. If the decedent has so directed by a will; or

2.Executor, administrator or trustee finds advantage. In the absence of a direction in the decedent's will, if the executor, administrator or trustee finds that this method of payment is advantageous to the estate.

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A decedent's estate may pay all or part of any tax owed by the decedent's estate to the State by payment in the form of one or more works of art, subject to section 93. An executor, administrator or trustee shall follow the procedure set out in section 93 to make payment in works of art taken from the decedent's estate:
1.
Decedent directs.
If the decedent has so directed by a will; or
2.
Executor, administrator or trustee finds advantage.
In the absence of a direction in the decedent's will, if the executor, administrator or trustee finds that this method of payment is advantageous to the estate.