ISUA 143 — Bequest of certain sum where stocks, etc., in which invested are described

Indian Succession Act, 1925

Statutory text

, in which invested are described.—Where a certain sum is bequeathed, the legacy is not specific merely because the stock, funds or securities in which it is invested are described in the will.

Illustration A bequeaths to B— “10,000 rupees of my funded property”: “10,000 rupees of my property now invested in shares of the East Indian Railway Company”: “10,000 rupees, at present secured by mortgage of Rampur factory”, No one of these legacies is specific.

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