Section 329: Right under demonstrative legacy when assets sufficient to pay debts and necessary expenses
The Succession Act · Federal Acts · Part IX · in_force
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Right under demonstrative legacy when assets sufficient to pay debts and necessary expenses. Where there is a demonstrative legacy, and the assets are sufficient for the payment of debts and necessary expenses, the legatee has a preferential claim for payment of his legacy out of the fund from which the legacy is directed to be paid until such fund is exhausted and if, after the fund is exhausted, part of the legacy still remains unpaid, he is entitled to rank for the remainder against the general assets as for a legacy of the amount of such unpaid remainder.
Related sections
Section 328: Non abatement of specific legacy when assets sufficient to pay debtsSection 330: Rateable abatement of specific legaciesSection 327: Abatement of general legaciesSection 331: Legacies treated as general for purpose of abatement CHAPTER VIII Assent to a legacy by exe cutor or administratorSection 326: Executor or administrator not bound to pay legacies without indemnitySection 332: Assent necessary to complete legatee's title
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