IS Act 163Chapter VI · Chapter XVI.--Of Ademption of Legacies
Section 163 · Change by operation of law of subject of specific bequest between date of will and testator?s death
Text size — level 1 of 4
Where a thing specifically bequeathed undergoes a change between the date of the
will and the testator's death, and the change takes place by operation of law, or in the course of execution
of the provisions of any legal instrument under which the thing bequeathed was held, the legacy is not
adeemed by reason of such change.
Illustrations
A bequeaths to B "all the money which I have in the 51/2 per cent. loan of the. Central Government". The securities for the 51/2 per cent. loan are converted during A's lifetime into 5 per cent. stock.
A bequeaths to B the sum of 2,000 f invested in Consols in the names of trustees for A. The sum of 2,000 transferred by the trustees into A's own name.
A bequeaths to B the sum of 10,000 rupees in promissory notes of the Central government which he has power under his marriage settlement to dispose of by will. Afterwards, in A's lifetime, the hind is converted into Consols by virtue of an authority contained in the settlement.
No one of these legacies has been adeemed.
Illustrations
A bequeaths to B "all the money which I have in the 51/2 per cent. loan of the. Central Government". The securities for the 51/2 per cent. loan are converted during A's lifetime into 5 per cent. stock.
A bequeaths to B the sum of 2,000 f invested in Consols in the names of trustees for A. The sum of 2,000 transferred by the trustees into A's own name.
A bequeaths to B the sum of 10,000 rupees in promissory notes of the Central government which he has power under his marriage settlement to dispose of by will. Afterwards, in A's lifetime, the hind is converted into Consols by virtue of an authority contained in the settlement.
No one of these legacies has been adeemed.
Your private note on this section
Only you can see this note.