Bare ActsThe PROBATE AND ADMINISTRATION ACT, 1977 (1920 A.D.)

Section 122

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

Amendment status not verified — confirm the current text below against the official source.

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.

Section 122 – The PROBATE AND ADMINISTRATION ACT, 1977 (1920 A.D.) | DailyLaw.ai