If a general pecuniary devise, including a general pecuniary devise in trust, is not distributed within one year after the testator’s death, the devise bears interest thereafter.
Cal. Prob. Code § 12003
Interest and Income Accruing During Administration
Applied in 1 court decision — leading case 36 Cal. App. 4th 1619 - Salvation Army v. Wheaton Price (1995)
Most recently applied in 36 Cal. App. 4th 1619 - Salvation Army v. Wheaton Price (July 1995)
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.