Central Act
342
Section 342. Investment of general legacy, to be paid at future time: disposal of intermediate, interest.
The Indian Succession Act, 1925
In forceAll India (Central Act)
342. Investment of general legacy, to be paid at future time: disposal of intermediate, interest. (1) Where a general legacy is given to be 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.