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How duty on legacies subject to power of appointment shall be charged ;
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19. And . . . where any legacy or the residue or any part of the residue of any personal estate shall be subject to any power of appointment to or for the benefit of any person or persons specially named or described as objects of such power, such property shall be chargeable with duty as property given to different persons in succession; and in so charging such duty, not only the person and persons who shall take previous or subject to such power of appointment, but also any person and persons who shall take under or in default of any such appointment, when and as they shall so take respectively, shall in respect of their several interests, whether previous or subject to or under or in default of such appointment, be charged with the same duty and in the same manner as if the same interests had been given to him, her, or them respectively, in and by the will or testamentary disposition containing such power, in the same order and course of succession as shall take place under and by virtue of such power of appointment, or in default of execution thereof, as the case may happen to be; and where any property shall be given for any limited interest, and a general and absolute power of appointment shall also be given to any person or persons to whom the property would not belong in default of such appointment, such property upon the execution of such power shall be charged with the same duty and in the same manner as if the same property had been immediately given to the person or persons having and executing such power, after allowing any duty before paid in respect thereof; and where any property shall be given with any such general power of appointment, which property in default will belong to the person or persons to whom such power shall also be given, such property shall be charged with and shall pay the duty in the same manner as if such property had been given to such person or persons absolutely in the first instance without such power of appointment.
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