Section 159: Ademption pro tento where stock, specifically bequeathed, exists in part only at testator’s death
The Succession Act · Federal Acts · Part VI · in_force
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Ademption pro tanto where stock, specifically bequeathed, exists in part only at testator’s death. Where stock which has been specifically bequeathed exists only in part at the testator’s death, the legacy is adeemed so far as regards that part of the stock which has ceased to exist. Illustration A bequeaths to B his 10,000 rupees in the 5-1/2 per cent. loan of the [Federal Government]. A sells one- half of his 10, 000 rupees in the loan in question. One- half of the legacy is adeemed.
Related sections
Section 158: Ademption where stock, specifically bequeathed, does not exist at testator’s deathSection 160: Non-ademption of specific bequest of goods described as connected with certain place, by reason of removalSection 157: Order of payment where portion of fund specifically bequeathed to one legatee, and legacy charged. on same fund to another, and, testator having received portion of that fund, remainder insufficient to pay both legaciesSection 161: When removal of thing bequeathed does not constitute ademptionSection 156: Ademption pro tento by testator’s receipt of portion of entire fund of which portion has been specifically bequeathedSection 162: When thing bequeathed is a valuable to be received by testator from third person; and testator himself, or his representative, receives it
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