Section 144

Bequest of stock where testator had, at date of will, equal or greater amount of stock of same kind.

The Indian Succession Act, 1925

  • Act 39 of 1925
  • Ministry of Law and Justice
  • Legislative Department
About this Act

An Act to consolidate the law applicable to intestate and testamentary succession.

All sections
    Where a bequest is made in general terms of a certain amount of any kind of stock, the legacy is not specific merely because the testator was, at the date of his will, possessed of stock of the specified kind, to an equal or greater amount than the amount bequeathed.
     Illustration
     A bequeaths to B 5,000 rupees five per cent. Government securities. A had at the .date of the will five per cent. Government securities for 5,000 rupees. The legacy is not specific.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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