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The Succession Act, 1925

( ACT NO. XXXIX OF 1925 )

Chapter X

OF THE INVESTMENT OF FUNDS TO PROVIDE FOR LEGACIES

Investment of general legacy, to be paid at future time: disposal of intermediate interest
342. (1) Where a general legacy is given to be a paid at a future time, the executor or administrator shall invest a sum sufficient to meet it in securities of the kind mentioned in section 341.
 
 
(2) The intermediate interest shall form part of the residue of the testator's estate.

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