The Transfer of Property Act

“Transfer of property” defined

What may be transferred

Persons competent to transfer

Operation of transfer

Oral transfer

Condition restraining alienation

Restriction repugnant to interest cleated

Condition making interest determinable on insolvency or attempted alienation

Transfer for benefit  of unborn person

Rule against, perpetuity

Transfer  to class  some of  whom come under  sect ions 13 and 14

Transfer to take  effect  on failure of prior interest 

Direction for accumulation

Transfer in perpetuity for benefit  of public

Vested interest

When unborn person acquires  vested interest  on transfer  for  his  benef it 

Contingent interest

Transfer to members of a class who attain a particular age

Transfer contingent on happening of specified uncertain event

Transfer to such of certain persons as survive at some period not specified

Conditional transfer

Fulfilment of condition precedent

Conditional transfer to one person coupled with transfer to another on failure of prior disposition

Ulterior transfer conditional on happening or not happening of specified event

Fulfilment of condition subsequent

Prior disposition not affected by invalidity of ulterior disposition

Condition that transfer shall cease to have effect in case specified uncertain event happens or does not happen

Such condition must not be invalid

Transfer conditional on performance of act, no time being specified for performance

Transfer conditional on performance of act, time being specified


(A) Transfer of property, whether moveable or immoveable


1[16. Transfer to take effect on failure of prior interest.-- Where, by reason of any of the
rules contained in sections 13 and 14, an interest created for the benefit of a person or of a class
of persons fails in regard to such person or the whole of such class, any interest created in the
same transaction and intended to take effect after or upon failure of such prior interest also fails.]

LAWGIST

# 16 Transfer to take effect on failure of prior interest