Where a legacy, not being a specific legacy, is given for life, the sum bequeathed shall at the end of the year be invested in such securities as the High Court may, by any general rule to be made from time to time, authorise or direct, and the proceeds thereof shall be paid to the legatee as the same shall accrue due.
Section 121: Investment of sum bequeathed where legacy, not specific, given for life.
The Probate and Administration Act, 1977 (1920 A.d.)Union territory Act of Jammu and Kashmir · Act 29 of 1977
Where this provision sits
| Act | The Probate and Administration Act, 1977 (1920 A.d.) |
|---|---|
| Section | 121 |
| Marginal note | Investment of sum bequeathed where legacy, not specific, given for life. |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
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