State Codes and Statutes

Statutes > Maryland > Estates-and-trusts > Title-4 > Subtitle-4 > 4-406

§ 4-406. Exoneration.
 

Unless a contrary intent is expressly indicated in the will, a legacy of specific property shall pass subject to a security interest or lien on the property which existed at the time of execution of the will or which is a renewal, extension, or refinancing. If a security interest or lien is created or attaches initially after the execution of the will, the legatee is entitled to exoneration. 
 

[An. Code 1957, art. 93, § 4-406; 1974, ch. 11, § 2.] 
 

State Codes and Statutes

Statutes > Maryland > Estates-and-trusts > Title-4 > Subtitle-4 > 4-406

§ 4-406. Exoneration.
 

Unless a contrary intent is expressly indicated in the will, a legacy of specific property shall pass subject to a security interest or lien on the property which existed at the time of execution of the will or which is a renewal, extension, or refinancing. If a security interest or lien is created or attaches initially after the execution of the will, the legatee is entitled to exoneration. 
 

[An. Code 1957, art. 93, § 4-406; 1974, ch. 11, § 2.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Estates-and-trusts > Title-4 > Subtitle-4 > 4-406

§ 4-406. Exoneration.
 

Unless a contrary intent is expressly indicated in the will, a legacy of specific property shall pass subject to a security interest or lien on the property which existed at the time of execution of the will or which is a renewal, extension, or refinancing. If a security interest or lien is created or attaches initially after the execution of the will, the legatee is entitled to exoneration. 
 

[An. Code 1957, art. 93, § 4-406; 1974, ch. 11, § 2.]