IS Act 143Chapter VI · Chapter XIV.--Of Specific Legacies
Section 143 · Bequest of certain sum where stocks, etc., in which invested are described
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Where a
certain sum is bequeathed, the legacy is not specific merely because the stock, funds or securities in
which it is invested are described in the will.
Illustration
A bequeaths to B--
"10,000 rupees of my funded property":
"10,000 rupees of my property now invested in shares of the East Indian Railway Company":
"10,000 rupees, at present secured by mortgage of Rampur factory",
No one of these legacies is specific.
Illustration
A bequeaths to B--
"10,000 rupees of my funded property":
"10,000 rupees of my property now invested in shares of the East Indian Railway Company":
"10,000 rupees, at present secured by mortgage of Rampur factory",
No one of these legacies is specific.
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