Section 28 - Ulterior transfer conditional on happening or not happening of specified event : Transfer of Property Act, 1882

What is Ulterior transfer conditional on happening or not happening of specified event? Section 28 of Transfer of Property Act, 1882

 

 

Section 28 of Transfer of Property Act 1882 : "Ulterior transfer conditional on happening or not happening of specified event"

28. On a transfer of property an interest therein may be created to accrue to any person with the condition superadded that in case a specified uncertain event shall happen such interest shall pass to another, or that in case a specified uncertain event shall not happen such interest shall pass to another person. In each case the disposition are subject to the rules contained in sections 10, 12, 21, 22, 23, 24, 25 and 27.