New South Wales Consolidated Acts

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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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