What is Transfer for benefit of unborn person? Section 13 of Transfer of Property Act, 1882
13. Where, on a transfer or 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.
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