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East India Company Act 1697
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LXI.Stock to be deemed Personal Estates.
And be it further enacted by the Authority aforesaid That the Estates Interests and Stocks of Money of the several Corporations to be created or established in pursuance of this Act and of each and every perticular Member thereof shall be and be adjudged taken and accepted in Construction of Law by all Judges and in Courts of Law and Justice and in all Courts and Places whatsoever to be a Personal and not a Real Estate and shall go to the Executors or Administrators of the Person or Persons dying possessed thereof or intituled thereunto and not to the Heirs of such Person or Persons Any Law Statute Usage or Custom to the contrary notwithstanding.
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