Section 10

Act 369 of 1849, § 10, under SINKING FUND - FOR THE EXTINGUISHMENT OF DEBT.

Act 369 of 1849, § 10

Section 10. That whenever any foreign executor, or administrator, shall assign or transfer any stocks or loans in this commonwealth, standing in the name of a decedent, or in trust for a decedent, which shall be liable to the collateral inheritence tax, such tax shall be paid to the register of the proper county on the transfer thereof; otherwise the corporation permitting such transfer, shall become liable to pay such tax.