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The Succession Act, 1925

( ACT NO. XXXIX OF 1925 )

[ 30th September, 1925 ]

Part IX

Probate, Letters of Administration and Administration of Assets of Deceased.

Chapter X

OF THE INVESTMENT OF FUNDS TO PROVIDE FOR LEGACIES

Transfer to residuary legatee of contingent bequest
344. Where a bequest is contingent, the executor or administrator is not bound to invest the amount of the legacy, but may transfer the whole residue of the estate to the residuary legatee, if any, on his giving sufficient security for the payment of the legacy if it shall become due.
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