Succession Act, 1925 — Section 158: Ademption where stock, specifically bequeathed, does not exist at testator’s death

158. Ademption where stock, specifically bequeathed, does not exist at testator’s death. Where stock which has been specifically bequeathed does not exist at the testator’s death, the legacy is adeemed. Illustration A bequeaths to B “ my capital stock of 1, 000 in East India Stock”: “my promissory notes of the 1[Federal Government] for 10, 000 rupees in their 4 per cent. loan”. A sells the stock and the notes. The legacies are adeemed.