Section 342
Investment of general legacy, to be paid at future time: disposal of intermediate, interest.
The Indian Succession Act, 1925
About this Act
An Act to consolidate the law applicable to intestate and testamentary succession.
(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.
(2) The intermediate interest shall form part of the residue of the testator's estate.