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 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.


LAWGIST

# 344 Transfer to residuary legatee of contingent bequest