MARVIN MANDEL, Governor                            67

or a personal representative, but the provisions of this Section shall
not be construed to prevent the enforcement of mortgages, pledges,
liens or other security interests upon property in an appropriate
proceeding.

8-115. Exemption from claim—proceeds of life insurance, annuity
contracts, and benefits of fraternal benefit societies.

The proceeds of any life insurance policy or annuity contract
or any money payable by a fraternal benefit society shall be exempt
from claims in accordance with the provisions of Sections 328 and 385
of Article 48A.

8 116. [Combined with 8-115]

SUBTITLE IX

SPECIAL PROVISIONS RELATING TO DISTRIBUTION

9-101. Renunciation—legatee or heir.

A person may renounce testate or intestate succession or both,
wholly or partially, if he has not accepted possession as legatee or
heir, by delivering to the personal representative a written renuncia-
tion. Property renounced by a legatee shall pass pursuant to Section
4-404; and property renounced by an heir shall pass as if such person
had predeceased the decedent. Creditors of the renouncing legatee
or heir have no interest in the property renounced, whether their
claims are based on contract, tort, tax obligations or otherwise.

9-102. Renunciation—testamentary trustee.

Any trustee appointed by will to execute any trust contained
therein may decline to accept such appointment by filing a statement
of renunciation with the Register of the County in which such will is
admitted to probate at any time before he receives any property
or performs any act pursuant to said trust. Unless the will other-
wise provides, the trust shall thereafter be administered as if such
trustee had not been appointed. Such renunciation shall not be con-
strued to release or impair the right of such person to any legacy
under the will by which he was appointed trustee, unless such legacy
shall be expressly declared in the will to be as compensation for his
services as trustee. Unless the will otherwise provides, in all cases
not provided for in this Section, a trustee may renounce or resign his
trust only in accordance with the Maryland Rules.

9 103. [Omitted]

9 104 9-103. Distribution; order in which assets appropriated;
abatement.

(a) General rules. Except as provided in subsection (b) hereof,
in Section 3-301 dealing with the shares of pretermitted children
and their issue, or in Section 3-203 dealing with the share of the
surviving spouse who elects to take against the will, or unless the
will otherwise requires, or the legatee is the surviving spouse,
creditor or dependent, shares of legatees abate, without any prefer-
ence or priority as between real and personal property, in the
following order: