Where, on a transfer of property, an interest therein is created in favor of a person without specifying the time when it is to take effect, or in terms specifying that it is to take effect forthwith or on the happening of an event which must happen, such interest is vested, unless a contrary intention appears from the terms of the transfer.
A vested interest is not defeated by the death of the transferee before he obtains possession.
Explanation: An intention that an interest shall not be vested is not to be inferred merely from a provision whereby the enjoyment thereof is postponed, or whereby a prior interest in the same property is given or reserved to some other person, or whereby income arising from the property is directed to be accumulated until the time of enjoyment arrives, or from a provision that if a particular event shall happen the interest shall pass to another person.
Explanatory Video on Section – 19. Vested interest
Notes on Section – 19. Vested interest
Questions on Section – 19. Vested interest
Juris Crack provide free law notes , free video lecture , relevant mock questions , past MCQ question and legal news on The Transfer of Property Act 1882. One stop destination for llb students, judicial service examination preparation , civil judge preparation , law officer courses , apo preparation , clat ug and pg test preparation. We provide notes on all legal topics , past years questions and preparation strategy. Our Bilingual teaching materials help all law students to plan better for their examination. Juris Crack resource are mostly free to use and download, so that community of law students get quality materials. Become member of Juris Crack Law Community.
Section – 19. Vested interest -. Bare Act of The Transfer of Property Act 1882 on JurisCrack with Case Laws and Video lecture
No comment