Section 344, Indian Succession Act, 1925 — Transfer to residuary legatee of contingent bequest

Part IX · Chapter X · Of the Investment of Funds to Provide for Legacies

344Transfer to residuary legatee of contingent bequest.

Section 344 · Part IX · Chapter X · page 88 of the Act

Where a bequest is contingent, the executor or administrator is not bound to invest the amount of the legacy, but may transfer the whole residue of the estate to the residuary legatee, if any, on his giving sufficient security for the payment of the legacy, if it shall become due.

Section 344 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.