Discharge of legacies, limitation of liability

Checkout our iOS App for a better way to browser and research.

In all the foregoing instances, a successor who is obligated to discharge a legacy is personally liable for his failure to do so only to the extent of the value of the property of the estate that he receives, valued as of the time of receipt. He is not personally liable to other successors by way of contribution or reimbursement for any greater amount.

Acts 1997, No. 1421, §1, eff. July 1, 1999.


Download our app to see the most-to-date content.