Section 343: Procedure when no fund charged with, or appropriated to, annuity
The Succession Act · Federal Acts · Part IX · in_force
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Where an annuity is given and no fund is charged with its payment or appropriated by the will to answer it, a Government annuity of the specified amount shall be purchased, or, if no such annuity can be obtained, then a sum sufficient to produce the annuity shall be invested for that purpose in securities of the kind mentioned in section 341.
Related sections
Section 342: Investment of general legacy, to be paid at future time: disposal of intermediate interestSection 344: Transfer to residuary legatee of contingent bequestSection 341: Investment of sum bequeathed where legacy, not specific, given for lifeSection 345: Investment of residue bequeathed for life without direction to invest in particular securitiesSection 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 346: Investment of residue bequeathed for life, with direction to invest in specified securities
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