Section 23
Transfer contingent on happening of specified uncertain event.
The Transfer of Property Act, 1882
About this Act
An Act to amend the law relating to the Transfer of Property by act of Parties.
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.