15 GCA § 647: Unpaid Legacies to Bear Interest; Commencement of Annuities; Unpaid Accumulations to Bear Interest.
Where this section sits in the code
- Title 15: Estates and Probate
- Division 1 - Wills
- Chapter 6: Interpretation of Wills; Effects of Certain Provisions; Conditions and Remainders; Legacies and Interest
General pecuniary legacies, including general pecuniary legacies in trust, if not paid prior to the first anniversary of the testator's death, bear annual interest thereafter at the rate prescribed by law for interest on civil judgments. Annuities commence at the testator's death and are due at the end of the annual, monthly or other specified period. Whenever an annuitant, legatee of a legacy for maintenance or beneficiary of a trust may be entitled to periodic payments or trust income commencing at the testator's death, he shall be entitled to annual interest, at the rate pre-scribed by law for interest on civil judgments, on the amount of any unpaid accumulations of such payments or income held by the personal representative on each anniversary of the testator's death, computed from the date of such anniversary.
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