Mera Samvidhaan All of Indian Succession Act, 1925

Part IX · Chapter XIII · Of the Liability of an Executor or Administrator for Devastation

369Liability of executor or administrator for neglect to get any part of property.

Section 369 · Part IX · Chapter XIII · page 91 of the Act

When an executor or administrator occasions a loss to the estate by neglecting to get in any part of the property of the deceased, he is liable to make good the amount.

Illustrations

(i) The executor absolutely releases a debt due to the deceased from a solvent person, or compounds with a debtor who is able to pay in full. The executor is liable to make good the amount.

(ii) The executor neglects to sue for a debt till the debtor is able to plead that the claim is barred by limitation and the debt is thereby lost to the estate. The executor is liable to make good the amount.

Section 369 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.