Section 122: Investment of general legacy, to be paid at future time. Intermediate interest.

The Probate and Administration Act, 1977 (1920 A.d.)Union territory Act of Jammu and Kashmir · Act 29 of 1977

Where a general legacy is given to be paid at a future time, the executor shall invest a sum sufficient to meet it in securities of the kind mentioned in the last preceding section.

Intermediate interest.–– The intermediate interest shall form part of the residue of the testator’s estate.

Where this provision sits

Act	The Probate and Administration Act, 1977 (1920 A.d.)
Section	122
Marginal note	Investment of general legacy, to be paid at future time. Intermediate interest.
Jurisdiction	Union territory of Jammu and Kashmir
Status	In force as published by the source

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