section 126
Conversion and investment in case of legacy for life
The Jammu and Kashmir Probate and Administration Act, 1920General1977130 sections
Statutory text
Conversion and investment in case of legacy for life. Such conversion and investment as is referred to in section 125 shall be made at such times and in such manner as the Court thinks fit; and, until such conversion and investment are completed, the person who would be for the time being entitled to the income of the fund so invested shall receive interest at the rate of six per centum per annum upon the market-value (to be computed at the date of the testator's death) of such part of the fund as shall not yet have been so invested.
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