Section 341: Investment of sum bequeathed where legacy, not specific, given for life
The Succession Act · Federal Acts · Part IX · in_force
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Where a legacy, not being a specific legacy, is given for life, the sum bequeathed shall at the end of the year be invested in such securities as the High Court may by any general rule authorise or direct, and the proceeds thereof shall be paid to the legatee as the same shall accrue due.
Related sections
Section 340: Dates of successive payments when first payment directed to be made within a given time or on day certain: death of annuitant before date of payment CHAPTER X Investment of funds t o provide for legaciesSection 342: Investment of general legacy, to be paid at future time: disposal of intermediate interestSection 339: When annuity, to be paid quarterly or monthly, first falls dueSection 343: Procedure when no fund charged with, or appropriated to, annuitySection 338: Commencement of annuity when no time fixed by willSection 344: Transfer to residuary legatee of contingent bequest
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