Section 343 of the Indian Succession Act, 1925 – Procedure when no fund charged with, or appropriated to, annuity

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Section 343: Procedure when no fund charged with, or appropriated to, annuity

Where an annuity is given and no fund is charged with its payment or appropriated by the will to answer it, a Government annuity of the specified amount shall be purchased, or, if no such annuity can be obtained, then a sum sufficient to produce the annuity shall be invested for that purpose in securities of the kind mentioned in section 341.

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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