Print View

[Section Index]

The Succession Act, 1925

( ACT NO. XXXIX OF 1925 )

[ 30th September, 1925 ]

Part VI

Testamentary Succession

Chapter XVI

OF ADEMPTION OF LEGACIES

Ademption where stock, specifically bequeathed, does not exist at testator's death
158. Where stock which has been specifically bequeathed does not exist at the testator's death, the legacy is adeemed.
 
 
Illustration
 
 
A bequeaths to B-
 
 
"my capital stock of 1,000/- in East India Stock":
 
 
"my promissory notes of the Government for 10,000 Taka in their 4 per cent. loan".
 
 
A sells the stock and the notes. The legacies are adeemed.
Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs