NYAYA SIGNAL
Central · 1925 · Section 342
Section 342 — Investment of general legacy, to be paid at future time: disposal of intermediate, interest.
The Indian Succession Act, 1925
(1) Where a general legacy is given to be paid at a future time, the executor or administrator shall invest a sum sufficient to meet it in securities of the kind mentioned in section 341.
(2) The intermediate interest shall form part of the residue of the testator's estate.
(2) The intermediate interest shall form part of the residue of the testator's estate.