CHAPTER 8. Interest and Income Accruing During Administration [12000. - 12007.]

Chapter 8 enacted by Stats. 1990, Ch. 79.

§§ 12000–12007 · 8 sections

• § 12000 The provisions of this chapter apply where the intention of the testator is not otherwise indicated by the will.
• § 12001 If interest is payable under this chapter, the rate of interest is three percentage points less than the legal rate on judgments in effect one year after the…
• § 12002 (a) Except as provided in this section, a specific devise does not bear interest. (b) A specific devise carries with it income on the devised property from the…
• § 12003 If a general pecuniary devise, including a general pecuniary devise in trust, is not distributed within one year after the testator’s death, the devise bears…
• § 12004 (a) An annuity commences at the testator’s death and shall be paid at the end of the annual, monthly, or other specified period. (b) If an annuity is not paid…
• § 12005 A devisee of a devise for maintenance is entitled to interest on the amount of any unpaid accumulations of the payments held by the personal representative on…
• § 12006 Net income received during administration not paid under other provisions of this chapter and not otherwise devised shall be distributed pro rata as income…
• § 12007 This chapter does not apply in cases where the decedent died before July 1, 1989. In cases where the decedent died before July 1, 1989, the applicable law in…