Section 122: Onerous bequests.

The Indian Succession Act, 1925Central Act · Act 39 of 1925

Where a bequest imposes an obligation on the legatee, he can take nothing by it unless he accepts it fully.

Illustration

A, having shares in (X), a prosperous joint stock company and also shares in (Y), a joint stock company in difficulties, in respect of which shares heavy calls are expected to be made, bequeaths to B all his shares in joint stock companies; B refuses to accept the shares in (Y). He forfeits the shares in (X).

Where this provision sits

Act	The Indian Succession Act, 1925
Section	122
Marginal note	Onerous bequests.
Jurisdiction	Central
Status	In force as published by the source

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