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  • Transfer to take effect on failure of prior interest

    : Transfer to take effect on failure of prior interest

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  • About :: Where, by reason of any of the rules contained in sections 13 and 14, an interest created for the benefit of a person or of a class of persons fails in regard to such person or the whole of such class, any interest created in the same transaction and intended o take effect after or upon failure of such prior interest also fails.