The Indian Succession Act

Investment of sum bequeathed, where legacy, not specific, given for life

Investment of general legacy, to be paid at future time: disposal of intermediate, interest

Procedure when no fund charged with, or appropriated to, annuity

Transfer to residuary legatee of contingent bequest

Investment of residue bequeathed for life, without direction to invest in particular securities

Investment of residue bequeathed for life, with direction to invest in specified securities

Time and manner of conversion and investment

Procedure where minor entitled to immediate payment or possession of bequest, and no direction  to pay to person on his behalf


CHAPTER X.--Of the Investment of Funds to Provide for Legacies


Where a legacy,
not being a specific legacy, is given for life, the sum bequeathed shall at the end of the year he invested in
such securities as the High Court may by any general rule authorise or direct, and the proceeds thereof
shall be paid to the legatee as the same shall accrue due.


LAWGIST

# 341 Investment of sum bequeathed, where legacy, not specific, given for life