Section 327Abatement of general legacies

In forcePart IX Probate, Letters of Administration and Administration of Assets of Deceased.Chapter VII OF THE DUTIES OF AN EXECUTOR OR ADMINISTRATOR

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Part IX Probate, Letters of Administration and Administration of Assets of Deceased.

Chapter VII OF THE DUTIES OF AN EXECUTOR OR ADMINISTRATOR

s. 327

327. Abatement of general legacies If the assets, after payment of debts, necessary expenses and special legacies, are not sufficient to pay all the general legacies in full, the latter shall abate or be diminished in equal proportions, and, in the absence of any direction to the contrary in the will, the executor has no right to pay one legatee in preference to another, or to retain any money on account of a legacy to himself or to any person for whom he is a trustee.

End of s. 327.

Read the contents: The Succession Act, 1925