36: Apportionment of periodical payments on determination of interest of person entitled
The Transfer of Property Act · Federal Acts · Chapter II · in_force
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Apportionment of periodical payments on determination of interest of person entitled.— 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 apportionable accordingly, but to be payable on the days appointed for the payment thereof.
Related sections
35: Election when necessary37: Apportionment of benefit of obligation on severance34: Transfer conditional on performance of act, time being specified38: Transfer by person authorized only under certain circumstances to transfer33: Transfer conditional on performance of act, no time being specified for performance39: Transfer where third person is entitled to maintenance
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