Section 143: Bequest of certain sum where stocks, etc., in which invested are described
The Succession Act · Federal Acts · Part VI · in_force
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Where a certain sum is bequeathed, the legacy is not specific merely because the stock, funds or securities in which it is invested are described in the will. Illustration A bequeaths to B― 10, 000 rupees of my funded property”: “10, 000 rupees of my property now invested in shares of the [National Bank of Pakistan]”: “10, 000 rupees, at present secured by mortgage of [Rahimyarkhan] factory.” No one of these legacies is specific.
Related sections
Section 142: Specific legacy definedSection 144: Bequest of stock where testator had, at date of will, equal or greater amount of stock of same kindSection 141: Legatee named as executor cannot take unless he shows intention to act as executor CHAPTER XIV OF SPECIAL LEGACIESSection 145: Bequest of money where not payable until part of testator’s property disposed of in certain waySection 140: Bequest of fund for certain purposes, some of which cannot be fulfilledSection 146: When enumerated articles not deemed specifically bequeathed
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