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Section 130: Interest when no time fixed for payment of general legacy.

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

Where no time has been fixed for the payment of a general legacy, interest begins to run from the expiration of one year from the testator’s death.

Exceptions. ––(1) Where the legacy is bequeathed in satisfaction of a debt, interest runs from the death of the testator.

(2)Where the testator was a parent or a more remote ancestor of the legatee, or has put himself in the place of a parent of the legatee, the legacy shall bear interest from the death of the testator.

(3)Where a sum is bequeathed to a minor with a direction to pay for his maintenance out of it, interest is payable from the death of the testator.

Where this provision sits

ActThe Probate and Administration Act, 1977 (1920 A.d.)
Section130
Marginal noteInterest when no time fixed for payment of general legacy.
JurisdictionUnion territory of Jammu and Kashmir
StatusIn force as published by the source

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