Indian Succession Act : Ademption pro tanto where stock, specifically bequeathed, exists inpart only

Indian Succession Act,1925

Act No : 39

Section : Ademption pro tanto where stock, specifically bequeathed, exists inpart only at testator's death.

159. Ademption pro tanto where stock, specifically bequeathed,exists in part only at testator's death.-Where stock which has beenspecifically bequeathed exists only in part at the testator's death,the legacy is adeemed so far as regards that part of the stock whichhas ceased to exist.---------------------------------------------------------------------1 Subs. by Act 10 of 1927, s. 2 and Sch. I, for "5,000".---------------------------------------------------------------------111 Illustration A bequeaths to B his 10,000 rupees in the 5 1/2 per cent. loan ofthe Central Government. A sells one-half of his 10,000 rupees in theloan in question. One-half of the legacy is adeemed.