Succession Act, 1925 — Section 342: Investment of general legacy, to be paid at future time: disposal of intermediate interest

342. Investment of general legacy, to be paid at future time: disposal of intermediate interest.―(1) Where a general legacy is given to be paid at a future time, the executor or administrator shall invest a sum sufficient to meet it in securities of the kind mentioned in section 341.

(2)The intermediate interest shall form part of the residue of the testator’s estate.