Chap. 448.   An  Act relative to the payment of interest on
PECUNIARY LEGACIES AND PECUNIARY DISTRIBUTIONS UNDER A TRUST INSTRUMENT.
Be it enacted, etc., as follows:
Section 1. Chapter 197 of the General Laws is hereby amended by striking out section 20, as appearing in the Tercentenary Edition, and inserting in place thereof the following section:—
Section 20. The rate of interest upon pecuniary legacies or pecuniary distributions under a trust instrument, unless otherwise provided in the will or trust instrument, shall be such as the supreme judicial court may by general rules establish, and in the absence of any such rules the rate shall be four per cent per annum. Unless otherwise provided in the will or living trust instrument, interest shall be payable from the date of the expiration of the period within which creditors may
302           Acts, 1971. — Chaps. 449, 450, 451.
bring actions against an executor or administrator as provided in section nine, or six months from the date upon which the distribution is required by the trust instrument.
Section 2. The provisions of section twenty of chapter one hundred and ninety-seven of the General Laws, as amended by section one of this act, shall apply to wills of persons dying on or after January the first, nineteen hundred and seventy-two, and to trust instruments executed on or after said date.   Approved June 25,1971.