23: Transfer contingent on happening of specified uncertain event
The Transfer of Property Act · Federal Acts · Chapter II · in_force
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Transfer contingent on happening of specified uncertain event.—Where, on a transfer of property, an interest therein is to accrue to a specified person if a specified uncertain event shall happen, and no time is mentioned for the occurrence of that event, the interest fails unless such event happens before, or at the same time as, the intermediate or precedent interest ceases to exist.
Related sections
22: Transfer to members of a class who attain a particular age24: Transfer to such of certain persons as survive at some period not specified21: Contingent interest25: Conditional transfer20: When unborn person acquires vested interest on transfer for his benefit26: Fulfilment of condition precedent
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