Bare ActsThe Probate and Administration Act, 1977

Section 131

Interest when time fixed

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

Interest when time fixed.–– 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, 42 PROBATE AND ADMINISTRATION ACT, 1977 (1920 A.D) unless a specific sum is given by the will for maintenance, or unless the will contains a direction to the contrary.

Section 131 – The Probate and Administration Act, 1977 | DailyLaw.ai