Indian Succession Act : Procedure when no fund charged with, or appropriated to, annuity. Indian Bare

Indian Succession Act,1925

Act No : 39

Section : Procedure when no fund charged with, or appropriated to, annuity.

343. Procedure when no fund charged with, or appropriated to,annuity.-Where an annuity is given and no fund is charged with itspayment or appropriated by the will to answer it, a Government annuityof the specified amount shall be purchased, or, if no such annuity canbe obtained, then a sum sufficient to produce the annuity shall beinvested for that purpose in securities of the kind mentioned insection 341.