Indian Succession Act : Investment of general legacy, to be paid at future time: disposal

Indian Succession Act,1925

Act No : 39

Section : Investment of general legacy, to be paid at future time: disposal ofintermediate interest.

342. Investment of general legacy, to be paid at future time:disposal of intermediate interest.-(1) Where a general legacy is givento be paid at a future time, the executor or administrator shallinvest a sum sufficient to meet it in securities of the kind mentionedin section 341. (2) The intermediate interest shall form part of the residue ofthe testator's estate.