HomeMy WebLinkAbout1760 i
~ ~ ~
1 ~ ~
'7~ 1~3
business interest referred to herein, other than that of
a sole proprietorship, be pledged or encumbered, the allo-
cation hereunder shall be subject to such pledge or encum-
brance.
(2) In .the event that the allocations
under subparagraph (1) above shall exceed the share of my
residuary estate allocable to the Non-Marital Share there-
of, I direct my Executors to allocate to the Marital Share
such fractional part of such business interests as is found
necessary to accord with the division of my residuary es-
tale as specified in Paragraph SIXTH (A) above, and-if
same be necessary, to establish and implement a procedure
for liquidation of such fractional part through acquisition
and purchase thereof. as soon after my death as is prac-
ticable, by the taker or takers of Che Non-Marital Share,
such liquidation to be completed in all events within two
(2) years after my death, and during the period of liqui-
dation, to be amply and adequately secured and to receive
I interest on the acquisition price at the rate of six (6%)
h
C. per cent per annum, payable quarter-annually. In the
e
event that this subpara;raph be operative under the circum-
stances recited, the taker or takers of the Non-Marital
- Share of my Estate under this Will shall, as a condition
to the receipt of such interests or property, enter into
such agreements and other undertakings as shall be estab-
lished by my Exec Mors under and pursuanC to the provisions
i
hereof .
3 In the event tha a
~ ( ) t, t my death, I
~i am the ocmer or holder of any capital interests in one or
more partnerships or joint ventures, the principal pro
p-
erties of which consist of real estate, securities, or
•
'70~ ~