California Probate Code

§ 21133

PROB § 21133 Effective Jan 1, 2003Div. 11 · Part 1 · Ch. 3

Statute text

A recipient of an at-death transfer of a specific gift has a right to the property specifically given, to the extent the property is owned by the transferor at the time the gift takes effect in possession or enjoyment, and all of the following:

(a)Any balance of the purchase price (together with any security agreement) owing from a purchaser to the transferor at the time the gift takes effect in possession or enjoyment by reason of sale of the property.

(b)Any amount of an eminent domain award for the taking of the property unpaid at the time the gift takes effect in possession or enjoyment.

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Legislative history

Amended by Stats. 2002, Ch. 138, Sec. 34. Effective January 1, 2003.