                                 CODE OF VIRGINIA

WHEN DIRECTION TO PURCHASE ANNUITY BINDING ON LEGATEE (§ 64.2-424)

If a testator directs in his will that an annuity sufficient to provide income
of at least $100 per month be purchased for a legatee, the legatee who is to
receive the income from the annuity shall not have the right to instead take the
sum directed to be used to purchase such annuity, except to the extent that the
will expressly provides for such right or that an assignable annuity be
purchased.

HISTORY: Code 1950, § 64-68.1; 1956, c. 448; 1968, c. 656, § 64.1-69; 2012, c.
614; 2014, c. 532.