Section 143
Bequest of certain sum where stocks, etc., in which invested are described.
The Indian Succession Act, 1925
About this Act
An Act to consolidate the law applicable to intestate and testamentary succession.
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.
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.