Where a bequest is contingent, the executor or administrator is not bound to invest the amount of the legacy, but may transfer the whole residue of the estate to the residuary legatee, if any, on his giving sufficient security for the payment of the legacy, if it shall become due.
Section 344: Transfer to residuary legatee of contingent bequest.
The Indian Succession Act, 1925Central Act · Act 39 of 1925
Where this provision sits
| Act | The Indian Succession Act, 1925 |
|---|---|
| Section | 344 |
| Marginal note | Transfer to residuary legatee of contingent bequest. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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