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Section 341Chapter X

Investment of sum bequeathed, where legacy, not specific, given for life

OF THE INVESTMENT OF FUNDS TO PROVIDE FOR LEGACIES

Where a legacy, not being a specific legacy, is given for life, the sum bequeathed shall at the end of the year be invested in such securities as the 39[Supreme Court] may by any general rule authorise or direct, and the proceeds thereof shall be paid to the legatee as the same shall accure due.

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Section 340: Dates of successive payments when first payment directed to be made within a given time or on day certain: death of annuitant before date of payment

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Section 342: Investment of general legacy, to be paid at future time: disposal of intermediate interest

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