California Statutes
§ 21403. — 21403. (Enacted by Stats. 1990, Ch. 79.)
California·Code PROB Probate Code - PROB·Div. 11. DIVISION 11. CONSTRUCTION OF WILLS, TRUSTS, AND OTHER INSTRUMENTS·Part 4. PART 4. ABATEMENT
(a)Subject to subdivision (b), shares of beneficiaries abate pro rata within each class specified in Section 21402.
(b)Gifts of annuities and demonstrative gifts are treated as specific gifts to the extent they are satisfied out of the fund or property specified in the gift and as general gifts to the extent they are satisfied out of property other than the fund or property specified in the gift.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 21403. (21403. (Enacted by Stats. 1990, Ch. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1990, Ch. 79.