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.

Select target paragraph3

Connect to a paragraph
Connect to an entity
Disable highlights
Add to table of contents