Indian Succession Act : Dates of successive payments when first payment directed to be madewithin a

Indian Succession Act,1925

Act No : 39

Section : Dates of successive payments when first payment directed to be madewithin a given time or on day certain: death of annuitant before dateof payment.

340. Dates of successive payments when first payment directed tobe made within a given time or on day certain: death of annuitantbefore date of payment.-(1) Where there is a direction that the firstpayment of an annuity shall be made within one month or any otherdivision of time from the death of the testator, or on a day certain,the successive payments are to be made on the anniversary of theearliest day on which the will authorises the first payment to bemade. (2) If the annuitant dies in the interval between the times ofpayment, an apportioned share of the annuity shall be paid to hisrepresentative.