Section 23: Transfer Contingent on Happening of Specified Uncertain Event – The Transfer of Property Act, 1882 Section 23: Transfer Contingent on Happening of Specified Uncertain Event. – Where, on a transfer of property, an interest therein is to accrue…
Section 22: Transfer to Members of a Class Who Attain a Particular Age – The Transfer of Property Act, 1882 Section 22: Transfer to Members of a Class Who Attain a Particular Age. 22. Where, on a transfer of property, an interest…
Section 21: Contingent Interest – The Transfer of Property Act, 1882 Section 21: Contingent Interest. 21. Where, on a transfer of property, an interest therein is created in favour of a person to take effect only on the happening of a…
Section 20: When Unborn Person Acquires Vested Interest On Transfer For His Benefit – The Transfer of Property Act, 1882 Section 20: When Unborn Person Acquires Vested Interest On Transfer For His Benefit. – Where, on a transfer of property,…
Section 19: Vested Interest – The Transfer of Property Act, 1882 Section 19: Vested Interest. – Where, on a transfer of property, an interest therein is created in favour of a person without specifying the time when it is to…
Section 18: Transfer in Perpetuity for Benefit of Public – The Transfer of Property Act, 1882 1[18. Transfer in perpetuity for benefit of public.— The restrictions in sections 14, 16 and 17 shall not apply in the case of a…
Section 17: Direction for Accumulation – The Transfer of Property Act, 1882 Section 17: Direction for Accumulation. – 1[(1) Where the terms of a transfer of property direct that the income arising from the property shall be accumulated either wholly or…
Section 16: Transfer to Take Effect on Failure of Prior Interest – The Transfer of Property Act, 1882 Section 16: Transfer to Take Effect on Failure of Prior Interest. 1[16. Where, by reason of any of the rules contained in sections 13…
Section 15: Transfer to Class Some of Whom Come Under Sections 13 and 14 – The Transfer of Property Act, 1882 Chapter-II1 Of Transfers of Property by Act of Parties (A) Transfer of Property, whether Moveable or Immoveable Section 15: Transfer…
Section 14: Rule Against Perpetuity – The Transfer of Property Act, 1882 Section 14: Rule Against Perpetuity. – No transfer of property can operate to create an interest which is to take effect after the lifetime of one or more persons…