2011 California Code
Probate Code
DIVISION 11. CONSTRUCTION OF WILLS, TRUSTS, AND OTHER INSTRUMENTS [21101 - 21700]
PART 4. ABATEMENT
Section 21403
(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.
(Enacted by Stats. 1990, Ch. 79.)
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