Act Number: 39

Act Name: The Indian Succession Act, 1925

Year: 1925

Enactment Date: 1925-09-30

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

Ministry: Ministry of Law and Justice

Department: Legislative Department

Section 158: Ademption where stock, specifically bequeathed, does not exist at testator’s death.
    Where stock which has been specifically bequeathed does not exist at the testator's death, the legacy is adeemed.
     Illustration
     A bequeaths to B--
     "my capital stock of 1,000£ in East India Stock":
     "my promissory notes of the Central Government for 10,000 rupees in their 4 per cent. loan."
     A sells the stock and the notes. The legacies are adeemed.
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