PART XIX—SPECIFIC LEGACIES. 129. Specific legacy defined. Where a testator bequeaths to any person a specified part of his or her property which is distinguished from all other parts of his or her property, the legacy is said to be specific. 130. Bequest of sum certain where stocks, etc. in which invested are described. Where a sum certain is bequeathed, the legacy is not specific merely because the stocks, funds or securities in which it is invested are described in the will. 131. Bequest of stock where testator had equal or greater amount of stock of same kind. Where a bequest is made, in general terms, of a certain amount of any kind of stock, the legacy is not specific merely because the testator was, at the date of his or her will, possessed of stock of the specified kind, to an equal or greater amount than the amount bequeathed. 132. Bequest of money where payment postponed in certain way. A money legacy is not specific merely because the will directs its payment to be postponed until some part of the property of the testator shall have been reduced to a certain form, or remitted to a certain place. 133. When enumerated articles not deemed specifically bequeathed. Where a will contains a bequest of the residue of the testator’s property along with an enumeration of some items of property not previously bequeathed, the articles enumerated shall not be deemed to be specifically bequeathed. 134. Retention of specific bequest to several persons in succession. Where property is specifically bequeathed to two or more persons in succession, it shall be retained in the form in which the testator left it, although it may be of such a nature that its value is continually decreasing.

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