Section 330: Rateable abatement of specific legacies.

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

If the assets are not sufficent to answer the debts and the specific legacies, an abatement shall be made from the latter rateably in proportion to their respective amounts.

Illustrations

A has bequeathed to B a diamond ring valued at 500 rupees, and to C a horse, valued at 1,000 rupees. It. is found necessary to sell all the effects of the testator; and his assets, after payment of debts, are only 1,000 rupees. Of this sum rupees 333-5-4 are to be paid to B, and rupees 666-10-8 to C.

Where this provision sits

Act	The Indian Succession Act, 1925
Section	330
Marginal note	Rateable abatement of specific legacies.
Jurisdiction	Central
Status	In force as published by the source

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