Mera Samvidhaan All of Indian Succession Act, 1925

Part VI · Chapter XIV · Of Specific Legacies

144Bequest of stock where testator had, at date of will, equal or greater amount of stock of same kind.

Section 144 · Part VI · Chapter XIV · page 53 of the Act

Where a bequest is made in general terms of a certain amount of any kind of stock, the legacy is not specific merely because the testator was, at the date of his will, possessed of stock of the specified kind, to an equal or greater amount than the amount bequeathed.

Illustration

A bequeaths to B 5,000 rupees five per cent. Government securities. A had at the date of the will five per cent. Government securities for 5,000 rupees. The legacy is not specific.

Section 144 of The Indian Succession Act, 1925 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.