Indian Succession Act : Investment of sum bequeathed, where legacy, not specific, given forlife.

Indian Succession Act,1925

Act No : 39

Section : Investment of sum bequeathed, where legacy, not specific, given forlife.

341. Investment of sum bequeathed, where legacy, not specific,given for life.-Where a legacy, not being a specific legacy, is givenfor life, the sum bequeathed shall at the end of the year be investedin such securities as the High Court may by any general rule authoriseor direct, and the proceeds thereof shall be paid to the legatee asthe same shall accrue due.