New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In which of the following Section of the transfer of

    Property Act provision for transfer for benefit of unborn person is made?
    A Section 41 Correct Answer Incorrect Answer
    B Section 19 Correct Answer Incorrect Answer
    C Section 11 Correct Answer Incorrect Answer
    D Section 13 Correct Answer Incorrect Answer

    Solution

    As per the Transfer of Property Act, 1882- S.13. Transfer for benefit of unborn person.—Where, on a transfer of property, an interest therein is created for the benefit of a person not in existence at the date of the transfer, subject to a prior interest created by the same transfer, the interest created for the benefit of such person shall not take effect, unless it extends to the whole of the remaining interest of the transferor in the property. Illustration A transfers property of which he is the owner to B in trust for A and his intended wife successively for their lives, and, after the death of the survivor, for the eldest son of the intended marriage for life, and after his death for A’s second son. The interest so created for the benefit of the eldest son does not take effect, because it does not extend to the whole of A’s remaining interest in the property.

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