Section 49

Transferee's right under policy.

The Transfer of Property Act, 1882

  • Act 4 of 1882
  • Ministry of Law and Justice
  • Legislative Department
About this Act

An Act to amend the law relating to the Transfer of Property by act of Parties.

All sections
    Where immoveable property is transferred for consideration, and such property or any part thereof is at the date of the transfer insured against loss or damage by fire, the transferee, in case of such loss or damage, may, in the absence of a contract to the contrary, require any money which the transferor actually receives under the policy, or so much thereof as may be necessary, to be applied in reinstating the property.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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