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The Succession Act, 1925

( ACT NO. XXXIX OF 1925 )

Chapter VII

OF THE DUTIES OF AN EXECUTOR OR ADMINISTRATOR

Rateable abatement of specific legacies
330. If the assets are not sufficient to answer the debts and the specific legacies, an abatement shall be made from the latter rateably in proportion to their respective amounts.
 
 
Illustration
 
 
A has bequeathed to B a diamond ring valued at 500 Taka, and to C a horse, valued at 1,000 Taka. It is found necessary to sell all the effects of the testator; and his assets, after payment of debts, are only 1,000 Taka. Of this sum 1[Taka 333.33] are to be paid to B, and 2[Taka 666.67] to C.

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