Indian Succession Act : Investment of residue bequeathed for life, with direction to invest inspecified

Indian Succession Act,1925

Act No : 39

Section : Investment of residue bequeathed for life, with direction to invest inspecified securities.

346. Investment of residue bequeathed for life, with direction toinvest in specified securities.-When the testator has bequeathed theresidue of his estate to a person for life with a direction that itshall be invested in certain specified securities, so much of theestate as is not at the time of his death invested in securities ofthe specified kind shall be converted into money and invested in suchsecurities.