§ 3543. Income on distributive shares
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: September 5, 2006
Effective: September 5, 2006
20 Pa.C.S.A. § 3543
§ 3543. Income on distributive shares
(c) Demonstrative legacy.--A demonstrative legacy shall be entitled to income from the death of the decedent until the payment of the legacy at the rate earned by the property out of which it is primarily payable, and to the extent that it is not paid from that source, at the rate of 5% per annum from one year after the death of the decedent until the payment of the legacy.
(d) Residuary legacy or devise.--All income from real and personal estate earned during the period of administration and not payable to others pursuant to the governing instrument or this section shall be distributed pro rata among the income beneficiaries of any trust created out of the residuary estate and the other persons entitled to the residuary estate.
Credits
1972, June 30, P.L. 508, No. 164, § 2, effective July 1, 1972. Amended 1980, July 11, P.L. 565, No. 118, § 7, imd. effective; 2006, July 7, P.L. 625, No. 98, § 3, effective in 60 days [Sept. 5, 2006].
20 Pa.C.S.A. § 3543, PA ST 20 Pa.C.S.A. § 3543
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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