A personal representative shall file written accounts of the personal representative’s management and distribution of property at the times and in the manner prescribed in this subtitle, with a certification that the personal representative has mailed or delivered a notice of the filing to all interested persons.

The initial account of the administration of the property of the decedent shall contain the certificate of the personal representative of: The total value of property as shown in all inventories made prior to the date of the account; All receipts of the estate during the period of administration; The date of each purchase, sale, lease, transfer, compromise, settlement, disbursement, or distribution of assets of the estate, a description of each such transaction, and a statement of the amount by which it affects the amounts referred to in subsections (a) and (b) of this section; and The value of any assets remaining in the hands of the personal representative.

After an initial account has been rendered, subsequent accounts, whether filed by the same personal representative or by a successor, shall contain the certificate of the personal representative of: The value of any assets remaining in the hands of the personal representative as shown in the last account; The value of assets as shown in any inventory made since the last account; All receipts of the estate since the date of the last account; The date of each purchase, sale, lease, transfer, compromise, settlement, disbursement, or distribution of assets since the last account, a description of each such transaction, and a statement of the amount by which it affects the amounts referred to in subsections (a), (b), and (c) of this section; and The value of any assets remaining in the hands of the personal representative.

Accounts shall be rendered by the personal representative: Within 9 months from the date of the appointment of the personal representative; Within 6 months after the account referred to in paragraph (1) of this subsection and within 6 months after each account thereafter until the filing of the final account; Upon termination of the appointment of the personal representative, as provided in Title 6, Subtitle 3 of this article; and At the other times ordered by the court. Upon written application of the personal representative, the court for good cause shown may extend to a specified date the time for rendering an account.

If a personal representative fails to render an account or to file a certificate as required under this subtitle, the personal representative: May be removed as provided in § 6–306 of this article; and Is liable to interested persons as provided in § 7–403 of this title.

Inheritance taxes with respect to a distribution shall be paid by the personal representative to the register. An inheritance tax due in connection with a legacy or intestate share shall be paid at the time of accounting for its distribution. Failure to pay the inheritance tax when due or to make full disclosure of the information necessary to the determination by the register of the tax due may subject a personal representative to reduction or forfeiture of commissions by the court unless good cause to the contrary is shown. Failure to pay the inheritance tax when due subjects the bond of the personal representative to liability. On payment of the inheritance taxes as determined by the register to be due, the personal representative is entitled to receive a certificate reciting that the taxes have been paid. If requested by the personal representative, the certificate shall set forth in detail items of real or leasehold property for which the inheritance taxes have been paid. The certificate may be filed among the permanent records of the estate maintained by the register.