Indian Succession Act,1925
Act No : 39
Section :
Procedure where minor entitled to immediate payment or possession ofbequest, and no direction to pay to person on his behalf.
348. Procedure where minor entitled to immediate payment orpossession of bequest, and no direction to pay to person on hisbehalf.-(1) Where, by the terms of a bequest, the legatee is entitledto the immediate payment or possession of the money or thingbequeathed, but is a minor, and there is no direction in the will topay it to any person on his behalf, the executor or administratorshall pay or deliver the same into the Court of the District Judge, bywhom or by whose District Delegate the probate was, or letters ofadministration with the will annexed were, granted to the account ofthe legatee, unless the legatee is a ward of the Court of Wards. (2) If the legatee is a ward of the Court of Wards, the legacyshall be paid to the Court of Wards to his account. (3) Such payment into the Court of the District Judge, or to theCourt of Wards, as the case may be, shall be a sufficient dischargefor the money so paid.161 (4) Money when paid in under this section shall be invested inthe purchase of Government securities, which, with the interestthereon, shall be transferred or paid to the person entitled thereto,or otherwise applied for his benefit, as the Judge or the Court ofWards, as the case may be, may direct.
Read All Comments
