Section 176: Where gift of annuity and residuary gift, whole annuity to be first satisfied CHAPTER XXI OF LEGACIES TO CREDITORS AND PORTIONERS
The Succession Act · Federal Acts · Part VI · in_force
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Where there is a gift of an annuity and a residuary gift, the whole of the annuity is to be satisfied before any part of the residue is paid to the residuary legatee, and, if necessary, the capital of the testator’s estate shall be applied for that purpose. CHAPTER XXI OF LEGACIES TO CREDITORS AND PORTIONERS
Related sections
Section 175: Abatement of annuitySection 177: Creditor prima facie entitled to legacy as well as debtSection 174: Period of vesting where will directs that annuity be provided out of proceeds of property, or out of property generally, or where money bequeathed to be invested in purchase of annuitySection 178: Child prima facie entitled to legacy as well as portionSection 173: Annuity created by will payable for life only unless contrary intention appears by willSection 179: No ademption by subsequent provision for legatee CHAPTER XXII OF ELECTION
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