|Home>>Bare Acts>>Back to Index|
342. Investment of general legacy, to be paid at future time: disposal of intermediate interest.- (1) Where a general legacy is given to be paid at a future time, the executor or administrator shall invest a sum sufficient to meet it in securities of the kind mentioned in section 341.
(2) The intermediate interest shall form part of the residue of the testator's estate.
Copy right : Indu Info (All rights reserved)