Transfer of Property Act Section 28 — Ulterior transfer conditional on happening or not happening of specified event
CHAPTER I PRELIMINARY
General
Summary
A property transfer can include a condition where a person receives an interest in the property, but if a specific uncertain event happens—or does not happen—that interest then goes to someone else. These conditional arrangements must follow the rules set out in several other sections of the Act, which are listed here.
Official Text
On a transfer of property an interest therein may be created to accrue to any person with the condition superadded that in case a specified uncertain event shall happen such interest shall pass to another person, or that in case a specified uncertain event shall not happen such interest shall pass to another person. In each case the dispositions are subject to the rules contained in sections 10, 12, 21, 22, 23, 24, 25 and 27.