Section 158 of the Indian Succession Act, 1925 – Ademption where stock, specifically bequeathed, does not exist at testator’s death

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Section 158: Ademption where stock, specifically bequeathed, does not exist at testator’s death

Where stock which has been specifically bequeathed does not exist at the testator’s death, the legacy is adeemed. Illustration A bequeaths to B— “my capital stock of 1,000£ in East India Stock”: “my promissory notes of the Central Government for Rs. 10,000 in their 4 per cent. loan.” A sells the stock and the notes. The legacies are adeemed.

Source: official text of The Indian Succession Act, 1925 as published on India Code (PDF). All sections of the Indian Succession Act, 1925.

Related posts:

  1. Section 159 of the Indian Succession Act, 1925 – Ademption pro tanto where stock, specifically bequeathed, exists in part only at testator’s death
  2. Section 166 of the Indian Succession Act, 1925 – Stock specifically bequeathed sold but replaced, and belonging to testator at his death
  3. Section 155 of the Indian Succession Act, 1925 – Ademption pro tanto by testator’s receipt of part of entire thing specifically bequeathed
  4. Section 113 of the Indian Succession Act, 1925 – Bequest to person not in existence at testator’s death subject to prior bequest