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[18. Transfer in perpetuity for benefit of public.-- The restrictions in sections 14, 16 and 17
shall not apply in the case of a transfer of property for the benefit of the public in the advancement of
religion, knowledge, commerce, health, safety, or any other object beneficial to mankind.]

LAWGIST

# 18 Transfer in perpetuity for benefit of public