Section 36 - Apportionment of periodical payments on determination of interest of person entitled : Transfer of Property Act, 1882

When Apportionment of periodical payments on determination of interest of person entitled? Section 36 of Transfer of Property Act, 1882

Section 36 of Transfer of Property Act 1882 : "Apportionment of periodical payments on determination of interest of person entitled"

36. In the absence of a contract or local usage to the contrary, all rents, annuities, pensions, dividends and other periodical payments in the nature of income shall, upon the transfer of the interest of the person entitled to receive such payments, be deemed, as between the transferor and the transferee, to accrue due from day to day, and to be apportionable accordingly, but to be payable on the days appointed for the payment thereof.

TRANSFER OF PROPERTY ACT 1882

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 27 - Conditional transfer to one person coupled with transfer to another on failure of prior disposition

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 31 - Condition that transfer shall cease to have effect in case specified uncertain event happens or does not happen