Cal. Prob. Code § 21403

Current through the 2023 Legislative Session.
Section 21403 - Pro rata abatement; treatment of gifts of annuities and demonstrative gifts
(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.

Ca. Prob. Code § 21403

Enacted by Stats. 1990, Ch. 79.