LawgistThe Indian Succession Act
175Abatement of annuity
Where an annuity is bequeathed, but the assets of the testator are not sufficient to pay all the legacies given by the will, the annuity shall abate in the same proportion as the other pecuniary legacies given by the will.
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CHAPTER XX.--Of Bequests of Annuities
- 173 Annuity created by will payable for life only unless contrary intention appears by will
- 174 Period of vesting where will directs that annuity be provided out of proceeds of property, or out of property generally, or where money bequeathed to be invested in purchase of annuity
- 175 Abatement of annuity
- 176 Where gift of annuity and residuary gift, whole annuity to be first satisfied
