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Statutes Text

Article - Estates and Trusts




§4–406.

    (a)    Unless a contrary intent is expressly indicated in the will, a legacy of specific property shall pass subject to a security interest, lien, or renewal, extension, or refinancing of a security interest or lien on the property that existed at the time of execution of the will.

    (b)    If a security interest or lien is created or attaches initially after the execution of the will, the legatee is entitled to exoneration.



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