Indian Succession Act : Bequest of stock where testator had, at date of will, equal or greateramount of

Indian Succession Act,1925

Act No : 39

Section : Bequest of stock where testator had, at date of will, equal or greateramount of stock of same kind.

144. Bequest of stock where testator had, at date of will, equalor greater amount of stock of same kind.-Where a bequest is made ingeneral terms of a certain amount of any kind of stock, the legacy isnot specific merely because the testator was, at the date of his will,possessed of stock of the specified kind, to an equal or greateramount than the amount bequeathed. Illustration A bequeaths to B 5,000 rupees five per cent. Governmentsecurities. A had at the date of the will five per cent. Governmentsecurities for 5,000 rupees. The legacy is not specific.