SUCCESSION ACT 2006 - SECT 120 Exercise price--how satisfied
SUCCESSION ACT 2006 - SECT 120
Exercise price--how satisfied120 Exercise price--how satisfied
If a spouse elects to acquire property from the intestate estate, the exercise price is to be satisfied--
(a) first from money to which the spouse is entitled from the intestate estate, and
(b) if that is insufficient, from money paid by the spouse to the estate on or before the date of transfer.