§ 33-6-15. Interest on general pecuniary legacies.
Unless otherwise provided in the will, a general pecuniary legatee shall not be entitled to interest on his or her legacy for the period of one year from and after the death of the testator. After the one year period the executor or administrator with the will annexed, unless otherwise provided by the testator, shall not be chargeable for more interest on any pecuniary legacy than the entire net income actually earned by the legacy if and when left in the investment as made by the testator, or actually invested in notes secured by mortgage upon real estate situated in this state, or in the bonds of any city or town in this state, or deposited in any savings bank in this state, or in the participation account of any trust company in this state, or invested in any other manner specially ordered by the probate court. But if otherwise invested, the legacy shall bear interest at the rate of six percent (6%) per annum or such larger rate as the same may have earned; provided, however, that nothing herein contained shall authorize executors or administrators to make investments other than trustees are allowed to make, unless specially authorized by the will to do so.
History of Section.G.L. 1896, ch. 203, § 41; G.L. 1909, ch. 254, § 41; G.L. 1923, ch. 298, § 41; G.L. 1938, ch. 566, § 40; G.L. 1956, § 33-6-15.
Structure Rhode Island General Laws
Title 33 - Probate Practice and Procedure
Chapter 33-6 - Proof and Construction of Wills
Section 33-6-1. - Gifts to attesting witnesses.
Section 33-6-2. - Creditor attesting.
Section 33-6-3. - Death of attesting beneficiary in lifetime of testator.
Section 33-6-4. - Executor or trustee as witness.
Section 33-6-5. - Construction as to real estate within state.
Section 33-6-6. - Time from which will speaks.
Section 33-6-7. - Devise without words of limitation.
Section 33-6-8. - Devise to executor or trustee.
Section 33-6-9. - Gift for life with remainder to issue.
Section 33-6-10. - Limitation on fee tail.
Section 33-6-11. - Death of devisee in tail in lifetime of testator.
Section 33-6-12. - Commencement of income estate.
Section 33-6-13. - Apportionment on termination of income estate.
Section 33-6-14. - Suit for recovery of income from executor.
Section 33-6-15. - Interest on general pecuniary legacies.
Section 33-6-16. - Life estate or term for years in property consumed by use.
Section 33-6-17. - General devises and bequests.
Section 33-6-18. - Devise of lands of which testator is not seised.
Section 33-6-19. - Substitution of issue for beneficiary predeceasing testator.
Section 33-6-20. - Devisee or legatee predeceased without issue.
Section 33-6-21, 33-6-22. - Repealed.
Section 33-6-23. - Pretermitted issue.
Section 33-6-24. - Apportionment of share taken by pretermitted child.
Section 33-6-26. - Intent of testator as to apportionment of debts.
Section 33-6-27. - Contribution by pretermitted issue to payment of debts.
Section 33-6-28. - Death or insolvency of beneficiary liable to contribution for debts.
Section 33-6-30. - Partial intestacy.
Section 33-6-31. - Passage of title by will — Recording.