Change by operation of law of subject of specific bequest between date of will and testator’s death

Section 163 of the Indian Succession Act, 1925 deals with change by operation of law of subject of specific bequest between date of will and testator’s death. Where a thing specifically bequeathed undergoes a change between the date of the will and the testator's death, and the change takes place by operation of law, or in the course of execution of the provisions of any legal instrument under which the thing bequeathed was held, the legacy is not adeemed The Act came into force on 30 Sep 1925.

Where a thing specifically bequeathed undergoes a change between the date of the will and the testator's death, and the change takes place by operation of law, or in the course of execution of the provisions of any legal instrument under which the thing bequeathed was held, the legacy is not adeemed by reason of such change.

Illustrations

A bequeaths to B "all the money which I have in the 51/2 per cent. loan of the. Central Government". The securities for the 51/2 per cent. loan are converted during A's lifetime into 5 per cent. stock.

A bequeaths to B the sum of 2,000 f invested in Consols in the names of trustees for A. The sum of 2,000 transferred by the trustees into A's own name.

A bequeaths to B the sum of 10,000 rupees in promissory notes of the Central government which he has power under his marriage settlement to dispose of by will. Afterwards, in A's lifetime, the hind is converted into Consols by virtue of an authority contained in the settlement.

No one of these legacies has been adeemed.

Section 163, The Indian Succession Act, 1925 (Act 39 of 1925).