Mera Samvidhaan All of Indian Succession Act, 1925

Part VI · Chapter XVI · Of Ademption of Legacies

158Ademption where stock, specifically bequeathed, does not exist at testator’s death.

Section 158 · Part VI · Chapter XVI · page 57 of the Act

Where stock which has been specifically bequeathed does not exist at the testator’s death, the legacy is adeemed.

Illustration

A bequeaths to B—

“my capital stock of 1,000l, in East India Stock”:

“my promissory notes of the Central Government for 10,000 rupees in their 4 per cent. loan.”

A sells the stock and the notes. The legacies are adeemed.

Section 158 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.