Section 158: Ademption where stock, specifically bequeathed, does not exist at testator’s death.

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

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.

Where this provision sits

Act	The Indian Succession Act, 1925
Section	158
Marginal note	Ademption where stock, specifically bequeathed, does not exist at testator’s death.
Jurisdiction	Central
Status	In force as published by the source

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