Victorian Current Acts

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Estate of deceased assets for payment of debts[2]

The real and personal estate, whether legal or equitable, of a deceased person, to the extent of his beneficial interest therein, and the real and personal estate of which a deceased person in pursuance of any general power (including the statutory power to dispose of entailed interests) disposes by his will, shall be assets for payment of the debts of such deceased person (whether by specialty or simple contract) and of his liabilities, and any disposition by will inconsistent with this enactment is void as against the creditors, and the Court shall, if necessary, administer the property for the purpose of the payment of the debts and liabilities.

This section shall take effect without prejudice to the rights of incumbrancers.

S. 37A inserted by No. 10/1994 s. 8, amended by Nos 91/1994 s. 36(1), 27/2001 s. 3(Sch. 1 items 1.4–1.6), repealed by No. 41/2017 s. 6.

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S. 38
repealed by No. 41/2017 s. 7.

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S. 39 amended by Nos 7332 s. 2(Sch. 1 item 4), 74/2000 s. 3(Sch. 1 item 3.3), substituted by No. 80/2014 s. 11.

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