In the absence of a contract or local usage to the contrary, all rents annuities, pensions, dividends and other periodical payments in the nature of income shall, upon the transfer of the interest of the person entitled to receive such payments, be deemed, as between the transferor and the transferee, to accrue due from day to day, and to be apportion able accordingly, but to be payable on the days appointed for the payment thereof.
Section 36: Apportionment of periodical payments on determination of interest of person entitled.
The Transfer of Property Act, 1882Central Act · Act 4 of 1882
Where this provision sits
| Act | The Transfer of Property Act, 1882 |
|---|---|
| Section | 36 |
| Marginal note | Apportionment of periodical payments on determination of interest of person entitled. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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