THE INDIAN SUCCESSION ACT, 1925 · CHAPTER X.—Of the Investment of Funds to Provide for Legacies
Section 342 — Investment of general legacy, to be paid at future time: disposal of intermediate, interest
(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.