Section 9-103 - Order in which assets appropriated; abatement. - Maryland Statutes

§ 9-103. Order in which assets appropriated; abatement.
 

(a)  Definition.- As used in this section "legacy" or "legacies" may not include assets passing by the exercise of the decedent of a testamentary power of appointment. 

(b)  General rules.- Unless a contrary intent is expressed in the will and except as provided in §§ 3-208, 3-303, and subsection (c) of this section, shares of legatees abate without preference or priority as between real and personal property, in the order provided in this subsection. 

(1) Property not disposed of by the will, 

(2) Residuary legacies, 

(3) General legacy, other than (4), (5), and (6) of this subsection, 

(4) General legacy to dependents of testator, 

(5) General legacy to creditor of testator in satisfaction of a just debt, 

(6) General legacy to surviving spouse of testator, 

(7) Specific and demonstrative legacies. 
 

Abatement within each classification is in proportion to the amounts of property each of the legatees or heirs would have received, had full distribution of the property been made in accordance with the terms of the will. 

(c)  Contribution.- When the subject matter of a preferred legacy is sold or used as an incident to administration, appropriate adjustments in, or contributions from, other interests in the remaining assets shall be effected. 
 

[An. Code 1957, art. 93, § 9-103; 1974, ch. 11, § 2.]