LawgistThe Indian Succession Act
149Where deficiency of assets to pay legacies, specific legacy not to abate with general legacies
If there is a deficiency of assets to pay legacies, a specific legacy is not liable to abate with the general legacies.
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CHAPTER XIV.--Of Specific Legacies
- 142 Specific legacy defined
- 143 Bequest of certain sum where stocks, etc., in which invested are described
- 144 Bequest of stock where testator had, at date of will, equal or greater amount of stock of same kind
- 145 Bequest of money where not payable until part of testator’s property disposed of in certain way
- 146 When enumerated articles not deemed specifically bequeathed
- 147 Retention, in form, of specific bequest to several persons in succession
- 148 Sale and investment of proceeds of property bequeathed to two or more persons in succession
- 149 Where deficiency of assets to pay legacies, specific legacy not to abate with general legacies
