What is the Condition making interest determinable on insolvency or attempted alienation? Section 12 of Transfer of Property Act, 1882
12. Where property is transferred subject to a condition or limitation making any interest therein, reserved or given to or for the benefit of any person, to cease on his becoming insolvent or endeavouring to transfer or dispose of the same, such condition or limitation is void.
Nothing in this section applies to a condition in a lease for the benefit of the lessor or those claiming under him.
Section 2 - Repeal of Acts - Saving of certain enactments, incidents, rights, liabilities, etc
Section 3 - Interpretation clause
CHAPTER II OF TRANSFERS OF PROPERTY BY ACT OF PARTIES
A - Transfer of property, whether movable or immovable
Section 5 - Transfer of property defined
Section 6 - What may be transferred
Section 7 - Persons competent to transfer
Section 8 - Operation of transfer
Section 10 - Condition restraining alienation
Section 11 - Restriction repugnant to interest created
Section 12 - Condition making interest determinable on insolvency or attempted alienation
Section 13 - Transfer for benefit of unborn person
Section 14 - Rule against perpetuity
Section 15 - Transfer to class some of whom come under sections 13 and 14
Section 16 - Transfer to take effect on failure of prior interest
Section 17 - Direction for accumulation
Section 18 - Transfer in perpetuity for benefit of public
Section 20 - When unborn person acquires vested interest on transfer for his benefit