The Indian Succession Act

Specific legacy defined

Bequest of certain sum where stocks, etc., in which invested are described

Bequest of stock where testator had, at date of will, equal or greater amount of stock of same  kind

Bequest of money where not payable until part of testator’s property disposed of in certain way

When enumerated articles not deemed specifically bequeathed

Retention, in form, of specific bequest to several persons in succession

Sale and investment of proceeds of property bequeathed to two or more persons in succession

Where deficiency of assets to pay legacies, specific legacy not to abate with general legacies


CHAPTER XIV.--Of Specific Legacies


Where a
certain sum is bequeathed, the legacy is not specific merely because the stock, funds or securities in
which it is invested are described in the will.

Illustration

A bequeaths to B--

"10,000 rupees of my funded property":

"10,000 rupees of my property now invested in shares of the East Indian Railway Company":

"10,000 rupees, at present secured by mortgage of Rampur factory",

No one of these legacies is specific.


LAWGIST

# 143 Bequest of certain sum where stocks, etc., in which invested are described