What is the meaning of Condition that transfer shall cease to have effect in case specified uncertain event happens or does not happen? Section 31 of Transfer of Property Act, 1882
31. Subject to the provisions of section 12, on a transfer of property an interest therein may be created with the condition superadded that it shall cease to exist in case a specified uncertain event shall happen, or in case a specified uncertain event shall not happen.
Illustrations
(a) A transfers a farm to B for his life, with a proviso that,
in case B cuts down a certain wood, the transfer shall cease to
have any effect. B cuts down the wood. He loses his
life-interest in the farm.
(b) A transfers a farm to B, provided that, if B shall not go to England within three years after the date of the transfer, his interest in the farm shall cease. B does not go to England within the term prescribed. His interest in the farm ceases.
Section 21 - Contingent interest
Section 22 - Transfer to members of a class who attain a particular age
Section 23 - Transfer contingent on happening of specified uncertain event
Section 24 - Transfer to such of certain persons as survive at some period not specified
Section 25 - Conditional transfer
Section 26 - Fulfillment of condition precedent
Section 28 - Ulterior transfer conditional on happening or not happening of specified event
Section 29 - Fulfillment of condition subsequent
Section 30 - Prior disposition not affected by invalidity of ulterior disposition
Section 32 - Such condition must not be invalid
Section 33 - Transfer conditional on performance of act, no time being specified for performance
Section 34 - Transfer conditional on performance of act, time being specified
Section 35 - Election when necessary
Section 36 - Apportionment of periodical payments on determination of interest of person entitled
Section 37 - Apportionment of benefit of obligation on severance
Section 38 - Transfer by person authorised only under certain circumstances to transfer
Section 39 - Transfer where third person is entitled to maintenance
Section 40 - Burden of obligation imposing restriction on use of land