Indian Succession Act,1925

Act No : 39

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Section : Annuity created by will payable for life only unless contraryintention appears by will.

173. Annuity created by will payable for life only unlesscontrary intention appears by will.-Where an annuity is created bywill, the legatee is entitled to receive it for his life only, unlessa contrary intention appears by the will, notwithstanding that theannuity is directed to be paid out of the property generally, or thata sum of money is bequeathed to be invested in the purchase of it. Illustrations (i) A bequeaths to B 500 rupees a year. B is entitled during hislife to receive the annual sum of 500 rupees. (ii) A bequeaths to B the sum of 500 rupees monthly. B isentitled during his life to receive the sum of 500 rupees every month. (iii) A bequeaths an annuity of 500 rupees to B for life, and onB's death to C. B is entitled to an annuity of 500 rupees during hislife. C, if he survives B, is entitled to an annuity of 500 rupeesfrom B's death until his own death.116

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