Bare ActsThe indian succession act,1925

Section 176

Where gift of annuity and residuary gift, whole annuity to be first satisfied

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

Where gift of annuity and residuary gift, whole annuity to be first satisfied.-Where there is a gift of an annuity and a residuary gift, the whole of the annuity is to be satisfied before any part of the residue is paid to the residuary legatee, and, if necessary, the capital of the testator's estate shall be applied for that purpose. CHAPTER XXI Of Legacies to Creditors and Portioners