Section 326: Executor or administrator not bound to pay legacies without indemnity
The Succession Act · Federal Acts · Part IX · in_force
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If the estate of the deceased is subject to any contingent liabilities, an executor or administrator is not bound to pay any legacy without a sufficient indemnity to meet the liabilities whenever they may become due.
Related sections
Section 325: Debts to be paid before legaciesSection 327: Abatement of general legaciesSection 324: Application of moveable property to payment of debts where domicile not in indiaSection 328: Non abatement of specific legacy when assets sufficient to pay debtsSection 323: Save as aforesaid, all debts to be paid equally and rateablySection 329: Right under demonstrative legacy when assets sufficient to pay debts and necessary expenses
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