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Section 131: Interest when time fixed.

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

Where a time has been fixed for the payment of a general legacy, interest begins to run from the time so fixed. The interest up to such time forms part of the residue of the testator’s estate.

Exception.–– 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, and the legatee is a minor, the legacy shall bear interest from the death of the testator, unless a specific sum is given by the will for maintenance, or unless the will contains a direction to the contrary.

Where this provision sits

ActThe Probate and Administration Act, 1977 (1920 A.d.)
Section131
Marginal noteInterest when time fixed.
JurisdictionUnion territory of Jammu and Kashmir
StatusIn force as published by the source

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