Act Number: 4

Act Name: The Transfer of Property Act, 1882

Year: 1882

Enactment Date: 1882-02-17

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

Ministry: Ministry of Law and Justice

Department: Legislative Department

Section 49: Transferee's right under policy.
    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.
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