CHAPTER II OF TRANSFERS OF PROPERTY BY ACT OF PARTIES · (A) Transfer of Property, whether moveable or immoveable
The Transfer of Property Act, 1882
Where property is transferred subject to a condition or limitation making any interest therein, reserved or given to or for the benefit of any person, to cease on his becoming insolvent or endeavouring to transfer or dispose of the same, such condition or limitation is void.
Nothing in this section applies to a condition in a lease for the benefit of the lessor or those claiming under him.
2 questions in 4 of our papers cite Section 12. Try these from the free papers:
1. Under Section 12 of the Transfer of Property Act, 1882, a condition in a transfer making an interest cease on the transferee becoming insolvent or attempting to transfer it is: