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Section 16 – Transfer of Property Act 1882

Transfer of Property Act 1882

 

16. Transfer to take effect on failure of prior interest.

 

1[16. Transfer to take effect on failure of prior interest.—Where, by reason of any of the rules contained in sections 13 and 14, an interest created for the benefit of a person or of a class of persons fails in regard to such person or the whole of such class, any interest created in the same transaction and intended to take effect after or upon failure of such prior interest also fails.

 

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1. Subs. by Act 20 of 1929, sec. 10, for the original sections 16 to 18.

 

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Transfer of Property Act 1882

 

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