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

In forcePart IX Probate, Letters of Administration and Administration of Assets of Deceased.Chapter X OF THE INVESTMENT OF FUNDS TO PROVIDE FOR LEGACIES

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Part IX Probate, Letters of Administration and Administration of Assets of Deceased.

Chapter X OF THE INVESTMENT OF FUNDS TO PROVIDE FOR LEGACIES

s. 341

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

39. The words "Supreme Court" were substituted, for the words "High Court" by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973)

End of s. 341.

Read the contents: The Succession Act, 1925