the bequest.
PART XXIII—BEQUEST OF THINGS DESCRIBED IN GENERAL TERMS.
158. Bequest of things in general terms.
If there is a bequest of something described in general terms, the executor
must purchase for the legatee what may reasonably be considered to answer
the description.
PART XXIV—BEQUESTS OF THE INTEREST OR PRODUCE OF A FUND.
159. Bequest of interest or produce of a fund.
Where the interest or produce of a fund is bequeathed to any person, and the
will affords no indication of an intention that the enjoyment of the bequest
should be of limited duration, the principal as well as the interest shall belong
to the legatee.
PART XXV—BEQUESTS OF ANNUITIES.
160. Annuity created by will payable for life only.
Where an annuity is created by will, the legatee is entitled to receive it for his
or her life only, unless a contrary intention appears by the will; and this
provision shall not be varied by the circumstance that the annuity is directed
to be paid out of the property generally or that a sum of money is bequeathed
to be invested in the purchase of it.
161. Period of vesting where will directs that annuity be provided out of
proceeds of property, etc.
Where a will directs that an annuity shall be provided for any person out of
the proceeds of property, or out of property generally, or where money is
bequeathed to be invested in the purchase of an annuity for any person, on
the testator’s death the legacy vests in interest in the legatee, and he or she
is entitled, at his or her option, to have an annuity purchased for him or her,
or to receive the money appropriated for that purpose by the will.
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