Section 344Transfer to residuary legatee of contingent bequest
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. 344
344. Transfer to residuary legatee of contingent bequest Where a bequest is contingent, the executor or administrator is not bound to invest the amount of the legacy, but may transfer the whole residue of the estate to the residuary legatee, if any, on his giving sufficient security for the payment of the legacy if it shall become due.