Law Maker

PART VI TESTAMENTARY SUCCESSION · CHAPTER XIV.—Of Specific Legacies

Section 143: Bequest of certain sum where stocks, etc., in which invested are described

The Indian Succession Act, 1925

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.