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§ 1. Legacies classed

Oklahoma Statutes AnnotatedTitle 84. Wills and Succession

Oklahoma Statutes Annotated
Title 84. Wills and Succession (Refs & Annos)
Chapter 1. General Provisions
84 Okl.St.Ann. § 1
§ 1. Legacies classed
Currentness
Legacies are distinguished and designated, according to their nature, as follows:
1. A legacy of a particular thing, specified and distinguished from all others of the same kind belonging to the testator is specific; if such legacy fails, resort cannot be had to the other property of the testator.
2. A legacy is demonstrative when the particular fund or personal property is pointed out from which it is to be taken or paid; if such fund or property fails in whole or in part, resort may be had to the general assets as in case of a general legacy.
3. An annuity is a bequest of certain specified sums periodically; if the fund or property out of which they are payable fails, resort may be had to the general assets, as in case of a general legacy.
4. A residuary legacy embraces only that which remains after all the bequests of the will are discharged.
5. All other legacies are general legacies.

Credits

R.L.1910, § 8317.
84 Okl. St. Ann. § 1, OK ST T. 84 § 1
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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