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  • Transfer for benefit of unborn person


    : Transfer for benefit of unborn person

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  • About :: Where,on a transfer of 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 ta e effect, unless it extends to the whole of the remaining interest of the transferor in the property.