The Indian Succession Act
352Interest when time fixed
Where a time has been fixed for the payment of a general legacy, interest begins to run from the time so fixed. The interest up to such time forms part of the residue of the testator's estate.
Exception.-- Where the testator was a parent or a more remote ancestor of the legatee, or has put himself in the place of a parent of the legatee and the legatee is a minor, the legacy shall bear interest from the death of the testator, unless a specific sum is given by the will for maintenance, or unless the will contains a direction to the contrary.
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CHAPTER XL.--Of the Produce and Interest of Legacies
- 349 Legatee’s title to produce of specific legacy
- 350 Residuary legatee’s title to produce of residuary fund
- 351 Interest when no time fixed for payment of general legacy
- 352 Interest when time fixed
- 353 Rate of interest
- 354 No interest on arrears of annuity within first year after testator’s death
- 355 Interest on sum to be invested produce annuity