Logo
Court Book - India Code App - Play Store

advertisement

advertisement

Section 342Investment of general legacy, to be paid at future time: disposal of intermediate, interest.

The Indian Succession Act, 1925

(1) Where a general legacy is given to be paid at a future time, the executor or administrator shall invest a sum sufficient to meet it in securities of the kind mentioned in section 341.

(2) The intermediate interest shall form part of the residue of the testator's estate.