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SUCCESSION ACT 2006 - SECT 120
Exercise price--how satisfied
120 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.
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