Page:United States Statutes at Large Volume 63 Part 1.djvu/633

 595 63 STAT.] 81ST CONG. , 1ST SESS.-CH. 415-AUG. 10, 1949 applicable to his license, or where the licensee shall have abandoned the license, or in case of the death of the licensee." SEC. 4. Section 225 of title 3 of the Canal Zone Code is amended to read as follows: "225. CONTINUANCE AFTER ORIGINAL LICENSE PERIOD.- The right to continue to do business for the calendar year, and the successive calendar years, after the calendar year during which the original license was issued shall be contingent upon compliance with such pro- visions of this chapter as are applicable to corporations licensed under this chapter, upon the payment of a license fee of $10, payable in advance, on January 1 of each year, and upon the designation of a new process agent before March 1 if the process agent theretofore designated has ceased during a preceding calendar year to reside within the Canal Zone." SEC. 5 . Title 4 of the Canal Zone Code is amended by inserting therein a new chapter numbered 27A, embracing sections 1470a to 1470f, and reading as follows: "CHAPTER 27A.- D ISPosrrIoN OF ESTATES WITHOUT ADMINISTRATION "Sec. 1470a. Setting aside estates not exceeding $1,000 in value; inclusion of application in petition for probate or letters. 1470b. Same; separate petition prior to hearing of petition for probate or letters. 1470c. Same; petition after filing of inventory. 1470d. Same; notice of hearing. 1470e. Same; decree setting aside. 1470f. Same; denying petition and instead acting on petition for probate or letters. "SEC. 1470a. SETTING ASIDE ESTATES NOT EXCEEDING $1,000 IN VALUE; INCLUSION OF APPLICATION IN PETITION FOR PROBATE OR LET- TERS. -I f the decedent leaves a surviving spouse or minor child or minor children, and the net value of the whole estate, over and above all liens and encumbrances of record at the date of death and not including the property excepted from administration under section 649 of title 3, does not exceed the sum of $1,000, the person petitioning for the probate of the will or for letters of administration may add an allegation to that effect to the other allegations of the petition, with a specific description of all of the decedent's property, a list of all the liens and encumbrances of record at the date of death, and an estimate of the value of the property, and may include, in the prayer, an alternative prayer that if the court finds that the net value of the whole estate, over and above all liens and encumbrances of record at the date of death and not including the property excepted from adminis- tration under section 649 of title 3 does not exceed $1,000 the same be set aside to the surviving spouse, if there be one, and if there be none, then to the minor child or minor children of the decedent. When such allegation is included in the petition, the petition shall be verified, and the notice of hearing shall include a statement that a prayer for setting aside the estate to the surviving spouse or minor child or minor children, as the case may be, is included in the petition. " CROSS-REFERENCE "Settlement by public administrator without regular administration of estates less than $250, see section 1703 of this title, as amended. "1470b. SAME; SEPARATE PETITION PRIOR TO HEARING OF PETITION FOR PROBATE OR LETTERs.- If the person petitioning for probate of the will or for letters of administration does not include such an allegation as is provided for by the next preceding section, the surviving spouse, if there be one, and if there be none, the guardian of the minor child

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