Situs of property definition

Situs of property means, with respect to:
Sample 1Sample 2Sample 3
Situs of property means, with respect to real property, the state or country in which it is located; with respect to tangible personal property, the state or country in which it was normally kept or located at the time of the decedent's death; and with respect to intangible personal property, the state or country in which the decedent was domiciled at death.
Sample 1Sample 2Sample 3
Situs of property means, with respect to real property, the state or country in
Sample 1Sample 2Sample 3

Examples of Situs of property in a sentence

  • Situs of property" means, with respect to real property, the state or country in which it is located; with respect to tangible personal property, the state or country in which it was normally kept or located at the time of the decedent's death; and with respect to intangible personal property, the state or country in which the decedent was domiciled at death.

  • If the property sub- ject to the lien imposed by 26 U.S.C. 6321 is deemed situated, under the pro- vision of paragraph (b) of this section, in the District of Columbia, the notice shall be filed in the office of the Re- corder of Deeds of the District of Co- lumbia.(b) Situs of property subject to lien.

  • The gift was made before January 1, 1967, by a nonresident not a citizen of the United States who was engaged in business in the United States during the calendar year in which the gift was made.(b) Situs of property.

  • In the office of the Recorder of Deeds of the District of Columbia, if the property subject to the lien is situated in the District of Columbia.(2) Situs of property subject to lien.

  • Amended by Chapter 323, 2019 General Session 59-2-104 Situs of property for tax purposes.

  • If the property sub- ject to the lien imposed by section 5321 is deemed situated, under the provi- sions of paragraph (b) of this section, in the District of Columbia, the notice shall be filed in the office of the Re- corder of Deeds of the District of Co- lumbia.(b) Situs of property subject to lien.

  • The requirements of this Subsection (8) do not apply to a county assessor in a county that has, for the five calendar years prior to 2019, had in place and enforced an ordinance described in Subsection (1).Amended by Chapter 323, 2019 General Session 59-2-104 Situs of property for tax purposes.

  • In terms of process, it is clearly a model that any emerging case of institutional abuse should consider in addressing compensation.21 see Goldie Shea, Redress Programs Relating to Institutional Child Abuse in Canada, Prepared for the LCC (1999).

  • Situs of property" means, with respect to real property, the state or country in which it is located; with respect to tangible personal property, the state or country in whichit was normally kept or located at the time of the decedent's death; and with respect to intangible personal property, the state or country in which the decedent was domiciled at death.

  • Situs of property" means, with respect to real property, the state or country in which it is located; with respect to tangible personal property, the state or country in which it was normally kept or located at the time of the decedent's death; and with respect to intangible personal property, the state or country in which the decedent was domiciled at death.Subd.


More Definitions of Situs of property

Situs of property means, with respect to real property, the state or country in which it is located; with respect to tangible personal property, the state or country in which
Sample 1
Situs of property means, with respect to real property, the state or country in which it is located; with respect to tangible personal property, the state or country in which it was normally kept or located at the time of the decedent's death; and with respect to intangible personal property, the state or country in which the decedent was domiciled at death. For a nonresident decedent with an ownership interest in a pass-through entity with assets that include real or tangible personal property, situs of the real or tangible personal property is determined as if the pass- through entity does not exist and the real or tangible personal property is personally owned by the decedent. If the pass-through entity is owned by a person or persons in addition to the decedent, ownership of the property is attributed to the decedent in proportion to the decedent's capital ownership share of the pass-through entity.
Sample 1Sample 2
Situs of property means, as to real property, the state or country in which it was situated at the time of the decedent's death; as to tangible personal property, the state or country in which it was normally kept or located at the time of the decedent's death; as to intangible personal property, the state or country in which the decedent was a resident at death; and when used in reference to property having a situs in North Dakota it also means the county in which the property has its situs as determined in accordance with this subsection. Provided, however, that as to intangible personal property a resident may specify in that person's will that the situs of all, or of particular items of, intangible personal property is at any location within a county or counties in this state at which that person had resided for at least fifteen years after attaining eighteen years of age.
Sample 1

Related to Situs of property

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Agricultural property means property that is used primarily for agricultural purposes but, without derogating from section 9 of the Act, excludes any portion thereof that is used commercially for the hospitality of guests, and excludes the use of the property for the purpose of eco-tourism or for the trading in or hunting of game;

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • Federal property ’ means any building, land, or other real property owned, leased, or occupied by any department, agency, or in- strumentality of the United States (including the Department of Defense and the United States Postal Service), or any other instru- mentality wholly owned by the United States, or by any department or agency of the District of Columbia or any territory or possession of the United States;

  • Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA).

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Real means, in the context of offset projects, that GHG reductions or GHG enhancements result from a demonstrable action or set of actions, and are quantified using appropriate, accurate, and conservative methodologies that account for all GHG emissions sources, GHG sinks, and GHG reservoirs within the offset project boundary and account for uncertainty and the potential for activity- shifting leakage and market-shifting leakage.

  • Owned Real Property has the meaning set forth in Section 4.10(a).