3B:23-13. General devise charged upon specific property or fund
66 words·~1 min read·
/nj/title-3b/chapter-23/3b-23-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.