Transfer of Property Act Section 23 — Transfer contingent on happening of specified uncertain event

CHAPTER I PRELIMINARY

General

Summary

If a property transfer gives someone an interest only if a certain uncertain event happens, and no time is set for that event, the interest is lost unless the event occurs before, or at the same time as, the earlier interest ends.

Official Text

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.