Section 344
Transfer to residuary legatee of contingent bequest.
The Indian Succession Act, 1925
About this Act
An Act to consolidate the law applicable to intestate and testamentary succession.
Where a bequest is contingent, the
executor or administrator is not bound to invest the amount of the legacy, but may transfer the whole
residue of the estate to the residuary legatee, if any, on his giving sufficient security for the payment of
the legacy, if it shall become due.