Mera Samvidhaan All of Indian Succession Act, 1925

Part VI · Chapter XVI · Of Ademption of Legacies

166Stock specifically bequeathed sold but replaced, and belonging to testator at his death.

Section 166 · Part VI · Chapter XVI · page 58 of the Act

Where stock specifically bequeathed is sold, and an equal quantity of the same stock is afterwards purchased and belongs to the testator at his death, the legacy is not adeemed.

Section 166 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.