NSWIn ForceAct
Succession Act 2006
120Exercise price—how satisfied
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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.
s 120: Ins 2009 No 29, Sch 1 [4].