California Probate Code

§ 12004

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

PROB § 12004Div. 7 · Part 10 · Ch. 8

Statute text

View on leginfo.ca.gov

(a)An annuity commences at the testator’s death and shall be paid at the end of the annual, monthly, or other specified period.

(b)If an annuity is not paid at the end of the specified period, it bears interest thereafter, but no interest accrues during the first year after the testator’s death.

Legislative history

Enacted by Stats. 1990, Ch. 79.