TypeBare Act JurisdictionCentral Government Enacted1925

Succession Act, 1925 Section 342

INVESTMENT OF GENERAL LEGACY, TO BE PAID AT FUTURE TIME, DISPOSAL OF INTERMEDIATE INTEREST

Section Text

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.