New Jersey Statutes 3B:23-13. General devise charged upon specific property or fund
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 3B:23-13
- Devise: when used as a noun, means a testamentary disposition of real or personal property and when used as a verb, means to dispose of real or personal property by will. See New Jersey Statutes 3B:1-1
- Devise: To gift property by will.
For purposes of abatement, a general devise charged on any specific property or fund is a specific devise to the extent of the value of the property on which it is charged, and upon the failure or insufficiency of the property on which it is charged, a general devise to the extent of the failure or insufficiency.
L.1981, c. 405, s. 3B:23-13, eff. May 1, 1982.