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Section 175Chapter XX

Abatement of annuity

OF BEQUESTS OF ANNUTIES

Where an annuity is bequeathed, but the assets of the testator are not sufficient to pay all the legacies given by the will, the annuity shall abate in the same proportion as the other pecuniary legacies given by the will.

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Section 174: Period of vesting where will directs that annuity be provided out of proceeds of property, or out of property generally, or where money bequeathed to be invested in purchase of annuity

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Section 176: Where gift of annuity and residuary gift, whole annuity to be first satisfied

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