Section 144Central Act
Section 144: Bequest of stock where testator had, at date of will, equal or greater amount of stock of same kind.
Where a bequest is made in general terms of a certain amount of any kind of stock, the legacy is not specific merely because the testator was, at the date of his will, possessed of stock of the specified kind, to an equal or greater amount than the amount bequeathed.
Illustration
A bequeaths to B 5,000 rupees five per cent. Government securities. A had at the .date of the will five per cent. Government securities for 5,000 rupees. The legacy is not specific.
Previous
Sec 143 — Bequest of certain sum where stocks, etc., in which invested are described.
Next
Sec 145 — Bequest of money where not payable until part of testator?s property disposed of in certain way.
Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.