Investment of residue bequeathed for life, without direction to invest in particular securities
Section 345 of the Indian Succession Act, 1925 deals with investment of residue bequeathed for life, without direction to invest in particular securities. Where the testator has bequeathed the residue of his estate to a person for life without any direction to invest it in any particular securities, so much thereof as is not at the time of the testator's decease invested in securities of the kind mentioned in section 341 shall be converted into money The Act came into force on 30 Sep 1925.
(1) Where the testator has bequeathed the residue of his estate to a person for life without any direction to invest it in any particular securities, so much thereof as is not at the time of the testator's decease invested in securities of the kind mentioned in section 341 shall be converted into money and invested in such securities.
(2) This section shall not apply if the deceased was a Hindu, Muhammadan, Buddhist, Sikh or Jaina or an exempted person.
Section 345, The Indian Succession Act, 1925 (Act 39 of 1925).
Cross-references
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Questions about Section 345
What does Section 345 of the Indian Succession Act deal with?
Section 345 of the Indian Succession Act is headed "Investment of residue bequeathed for life, without direction to invest in particular securities". Where the testator has bequeathed the residue of his estate to a person for life without any direction to invest it in any particular securities, so much thereof as is not at the time of the testator's decease invested in securities of the kind mentioned in section 341 shall be converted into money
How do I find court cases under Section 345 of the Indian Succession Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Succession Act 345, section 345 Succession Act, section 345 of the Indian Succession Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 345 of the Indian Succession Act, and has it changed?
Its own text turns on section 341 (Investment of sum bequeathed, where legacy, not specific, given for life), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When did Section 345 of the Indian Succession Act come into force?
Section 345 of the Indian Succession Act, cited as Succession Act 345, came into force on 30 Sep 1925, having been enacted on 30 Sep 1925. It is in force as at the date shown on this page.
Other sections of this Act
- 120. Date of vesting when legacy contingent upon specified uncertain event712 words
- 111. Survivorship in case of bequest to described class652 words
- 142. Specific legacy defined646 words
- 101. Rules of construction where will purports to make two bequests to same person620 words
- 113. Bequest to person not in existence at testator’s death subject to prior bequest486 words
- 114. Rule against perpetuity469 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 17 Oct 2026. This page is not a substitute for legal advice.