Section 12: Condition making interest determinable on insolvency or attempted alienation.

The Transfer of Property Act, 1882Central Act · Act 4 of 1882

Where property is transferred subject to a condition or limitation making any interest therein, reserved or given to or for the benefit of any person, to cease on his becoming insolvent or endeavouring to transfer or dispose of the same, such condition or limitation is void.

Nothing in this section applies to a condition in a lease for the benefit of the lessor or those claiming under him.

Where this provision sits

Act	The Transfer of Property Act, 1882
Section	12
Marginal note	Condition making interest determinable on insolvency or attempted alienation.
Jurisdiction	Central
Status	In force as published by the source

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