Where immoveable property is transferred for consideration, and such property or any part thereof is at the date of the transfer insured against loss or damage by fire, the transferee, in case of such loss or damage, may, in the absence of a contract to the contrary, require any money which the transferor actually receives under the policy, or so much thereof as may be necessary, to be applied in reinstating the property.
Section 49: Transferee's right under policy.
The Transfer of Property Act, 1882Central Act · Act 4 of 1882
Where this provision sits
| Act | The Transfer of Property Act, 1882 |
|---|---|
| Section | 49 |
| Marginal note | Transferee's right under policy. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 2 |
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