Section 158Ademption where stock, specifically bequeathed, does not exist at testator's death

s. 158

158. Ademption where stock, specifically bequeathed, does not exist at testator's death Where stock which has been specifically bequeathed does not exist at the testator's death, the legacy is adeemed. Illustration A bequeaths to B- "my capital stock of 1,000/- in East India Stock": "my promissory notes of the Government for 10,000 Taka in their 4 per cent. loan". A sells the stock and the notes. The legacies are adeemed.