Indian Succession Act,1925

Act No : 39

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Section : Bequest of interest or produce of fund.

172. Bequest of interest or produce of fund.-Where the interestor produce of a fund is bequeathed to any person, and the will affordsno indication of an intention that the enjoyment of the bequest shouldbe of limited duration, the principal, as well as the interest, shallbelong to the legatee. Illustrations (i) A bequeaths to B the interest of his 5 per cent. promissorynotes of the Central Government. There is no other clause in the willaffecting those securities. B is entitled to A's 5 per cent.promissory notes of the Central Government. (ii) A bequeaths the interest of his 5 1/2 per cent. promissorynotes of the Central Government to B for his life, and after his deathto C. B is entitled to the interest of the notes during his life, andC is entitled to the notes upon B's death. (iii) A bequeaths to B the rents of his lands at X. B is entitledto the lands.

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