450.92  Compromise settlement.

Whenever an estate charged or sought to be charged with the inheritance tax is of such a nature, or is so disposed, that the liability of the estate is doubtful, or the value thereof cannot with reasonable certainty be ascertained under the provisions of law, the director of revenue and finance may, with the written approval of the attorney general, which approval shall set forth the reasons therefor, compromise with the beneficiaries or representatives of such estates, and compound the tax thereon; but said settlement must be approved by the district court or judge of the proper court, and after such approval the payment of the amount of the taxes so agreed upon shall discharge the lien against the property of the estate.

Section History: Early form

  [S13, § 1481-a41; C24, 27, 31, 35, 39, § 7394; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 450.92]

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