Civil Code (Cap. 16)

Civil Code (Cap. 16), article 621

Official PDF on legislation.mt

621. (1) Where the subject of the testamentary disposition is a right of usufruct or a life annuity, and it appears to the pers ons entitled to the reserved portion that the value of such usufruc t or life-rent surpasses the disposable portion of the estate of the testator, they shall only have the option either to abide by th e testamentary disposition or to take the share due to them by wa y of reserved portion free from every charge, on abandoning in favou r of the disponees of the usufruct or life-annuity the full owner ship of the disposable portion. (2) Where any of the persons en titled to reserved portion elects in his own interest to abide by the testamentary disposition, i t shall, nevertheless, be lawful for any other of such persons to elect to take the reserved portion on abandoning, as aforesaid, the disposable portion. Disherison. Amended by: XVIII.2004.63.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.