Section 123: Procedure when no fund charged with, or appropriated to, annuity.

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

Where an annuity is given and no fund is charged with its payment or appropriated by the will to answer it, an annuity of the specified amount shall be purchased, or,

if no such annuity can be obtained, then a sum sufficient to produce the annuity shall be invested for that purpose in such securities as the High Court may, by any general rule to be made from time to time, authorise or direct.

Where this provision sits

Act	The Probate and Administration Act, 1977 (1920 A.d.)
Section	123
Marginal note	Procedure when no fund charged with, or appropriated to, annuity.
Jurisdiction	Union territory of Jammu and Kashmir
Status	In force as published by the source

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