Section 342Investment of general legacy, to be paid at future time: disposal of intermediate interest
In force
Part IX Probate, Letters of Administration and Administration of Assets of Deceased.
Chapter X OF THE INVESTMENT OF FUNDS TO PROVIDE FOR LEGACIES
s. 342
342. Investment of general legacy, to be paid at future time: disposal of intermediate interest (1) Where a general legacy is given to be a 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.