Section 346: Investment of residue bequeathed for life, with direction to invest in specified securities
The Succession Act · Federal Acts · Part IX · in_force
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Investment of residue bequeathed for life, with direction to invest in specified securities. When the testator has bequeathed the residue of his estate to a person for life with a direction that it shall be invested in certain specified securities, so much of the estate as is not at the time of his death invested in securities of the specified kind shall be converted into money and invested in such securities.
Related sections
Section 345: Investment of residue bequeathed for life without direction to invest in particular securitiesSection 347: Time and manner of conversion and investmentSection 344: Transfer to residuary legatee of contingent bequestSection 348: Procedure where minor entitled to immediate payment or possession of bequest, and no direction to pay to person on his behalf CHAPTER XI Produce and int erest of legaciesSection 343: Procedure when no fund charged with, or appropriated to, annuitySection 349: Legatee's title to produce of specific legacy
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