Section 173Annuity created by will payable for life only unless contrary intention appears by will

s. 173

173. Annuity created by will payable for life only unless contrary intention appears by will Where an annuity is created by will, the legatee is entitled to receive it for his life only, unless a contrary intention appears by the will, notwithstanding that the annuity is directed to be paid out of the property generally, or that a sum of money is bequeathed to be invested in the purchase of it. Illustrations (i) A bequeaths to B 500 Taka a year. B is entitled during his life to receive the annual sum of 500 Taka. (ii) A bequeaths to B the sum of 500 Taka monthly. B is entitled during his life to receive the sum of 500 Taka every month. (iii) A bequeaths an annuity of 500 Taka to B for life, and on B's death to C, B is entitled to an annuity of 500 Taka during his life. C, if he survives B, is entitled to an annuity of 500 Taka from B's death until his own death.