Bare ActsThe Indian Succession Act, 1925

Section 342

Investment of general legacy, to be paid at future time: disposal of intermediate, interest.

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

(1) Where a general legacy is given to be paid at a future time, the executor or administrator shall invest a sum sufficient to meet it in securities of the kind mentioned in section 341. (2) The intermediate interest shall form part of the residue of the testator's estate.

Section 342 – The Indian Succession Act, 1925 | DailyLaw.ai