California Probate Code 12006 – Net income received during administration not paid under other …
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Net income received during administration not paid under other provisions of this chapter and not otherwise devised shall be distributed pro rata as income among all distributees who receive either residuary or intestate property. If a distributee takes for life or for a term of years, the pro rata share of income belongs to the tenant for life or for the term of years.
(Enacted by Stats. 1990, Ch. 79.)
Terms Used In California Probate Code 12006
- Intestate: Dying without leaving a will.
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62