Idaho Code § 15-2-612
This is the official text of Idaho Code § 15-2-612, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.
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15-2-612 ADEMPTION BY SATISFACTION.
Official statutory text
PART 6.
RULES OF CONSTRUCTION
15-2-612. Ademption by satisfaction. Property which a testator gave in his lifetime to a person is treated as a satisfaction of a devise to that person in whole or in part, only if the will provides for deduction of the lifetime gift, or the testator declares in a contemporaneous writing that the gift is to be deducted from the devise or is in satisfaction of the devise, or the devisee acknowledges in writing that the gift is in satisfaction. For purpose of partial satisfaction, property given during lifetime is valued as of the time the devisee came into possession or enjoyment of the property or as of the time of death of the testator, whichever occurs first.
History:
[I.C., sec. 15-2-612, as added by 1971, ch. 111, sec. 1, p. 233.]
RULES OF CONSTRUCTION
15-2-612. Ademption by satisfaction. Property which a testator gave in his lifetime to a person is treated as a satisfaction of a devise to that person in whole or in part, only if the will provides for deduction of the lifetime gift, or the testator declares in a contemporaneous writing that the gift is to be deducted from the devise or is in satisfaction of the devise, or the devisee acknowledges in writing that the gift is in satisfaction. For purpose of partial satisfaction, property given during lifetime is valued as of the time the devisee came into possession or enjoyment of the property or as of the time of death of the testator, whichever occurs first.
History:
[I.C., sec. 15-2-612, as added by 1971, ch. 111, sec. 1, p. 233.]
Status: in_force · Read it on the official government site
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