11.04.010 Legacies Classified

Legacies and dispositions of personality will are distinguished and designated according to their nature as follows:

(a) A legacy of a particular thing, specified and distinguished from all others of the same kind, belonging to the testator is specific if such legacy fails, resort cannot be had to other property of the testator;

(b) A legacy is demonstrative when the particular fund or personal property is pointed out from which it is to be taken or paid if such fund or property fails in whole or in part, resort may be had to the general assets;

(c) An annuity is a bequest of certain specified sums, periodically. If the fund or property out of which they are payable fails, resort may be had to the general assets;

(d) A residuary legacy embraces only that which remains after all the bequests of the will are discharged;

(e) All other legacies are general legacies.