Where there is a demonstrative legacy, and the assets are sufficient for the payment of debts and necessary expenses, the legatee has a preferential claim for payment of Isis legacy out of the fund from which the legacy is directed to be paid until such fund is exhausted and if, after the fund is exhausted, part of the legacy still remains unpaid, he is entitled to rank for the remainder against the general assets as for a legacy of the amount of such unpaid remainder.
Section 329: Right under demonstrative legacy when assets sufficient to pay debts and necessary expenses.
The Indian Succession Act, 1925Central Act · Act 39 of 1925
Where this provision sits
| Act | The Indian Succession Act, 1925 |
|---|---|
| Section | 329 |
| Marginal note | Right under demonstrative legacy when assets sufficient to pay debts and necessary expenses. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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