Upon the issuance by the state of a receipt to an administrator or executor who has
paid the tax imposed by parts 3-5 of this chapter, the administrator or executor shall
be subrogated to any lien or right to proceed against any transferred property in
the hands of a transferee, donee, or bona fide purchaser that the state might have
had and the issuance of the receipt by the commissioner after the payment of the tax
due shall be deemed an assignment by the state to the administrator or executor of
the lien or right to proceed against the transferred property, the transferee, donee
or bona fide purchaser and shall be conclusive evidence thereof; provided, that for
the lien to remain effective, the executor or administrator must file with the register
of the county of decedent's residence and any county in which any real property affected
is located within forty-five (45) days of the issuance of such tax receipt, a notice
of such lien, such notice to contain the administrator's or executor's name, the name
of the decedent whose estate is involved, a description of the property against which
the lien is claimed, and the amount of lien claimed, and upon satisfaction of the
lien, a release thereof.
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