Section 352: Interest when time fixed 353 Rate of interest
The Succession Act · Federal Acts · Part IX · in_force
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Where a time has been fixed for the payment of a general legacy, interest begins to run from the time so fixed. The interest up to such time forms part of the residue of the testator’s estate. Exception. Where the testator was a parent or a more remote ancestor of the legatee, or has put himself in the place of a parent of the legatee and the legatee is a minor, the legacy shall bear interest from the death of the testator, unless a specific sum is given by the will for maintenance, or unless the will contains a direction to the contrary.
Related sections
Section 351: Interest when no time fixed for payment of general legacySection 353: Rate of interestSection 350: Residuary legatee's title to produce of residuary fundSection 354: No interest on arrears of annuity within first year after testator's deathSection 349: Legatee's title to produce of specific legacySection 355: Interest on sum to be invested to produce annuity CHAPT ER XII Refunding of legacies
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