Section 342 - Investment of General Legacy, to Be Paid at Future Time, Disposal of Intermediate Interest in Indian Succession Act, 1925
snapp 342 ISA 1925
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Section 342 of Indian Succession Act, 1925
Investment of General Legacy, to Be Paid at Future Time, Disposal of Intermediate Interest.
(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.
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