Section 166 of the Indian Succession Act, 1925 – Stock specifically bequeathed sold but replaced, and belonging to testator at his death

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Section 166: Stock specifically bequeathed sold but replaced, and belonging to testator at his death

Where stock specifically bequeathed is sold, and an equal quantity of the same stock is afterwards purchased and belongs to the testator at his death, the legacy is not adeemed.

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

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