Mera Samvidhaan All of Indian Succession Act, 1925

Part VI · Chapter XVI · Of Ademption of Legacies

159Ademption pro tanto where stock, specifically bequeathed, exists in part only at testator’s death.

Section 159 · Part VI · Chapter XVI · page 57 of the Act

Where stock which has been specifically bequeathed exists only in part at the testator’s death, the legacy is adeemed so far as regards that part of the stock which has ceased to exist.

Illustration

A bequeaths to B his 10,000 rupees in the 51/2 per cent. loan of the Central Government. A sells one-half of his 10,000 rupees in the loan in question. One-half of the legacy is adeemed.

Section 159 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.