THE TRANSFER OF PROPERTY ACT, 1882 · OFTRANSFERS OF PROPERTY BY ACT OF PARTIES — (A) Transfer of pr oper ty, whether moveable or immoveable
Section 23 — Transfer contingent on happening of specified uncertain event
Where, on a transferof property, an interest therein is to accrue to a specified person if a specified uncertain event shall happen, and no time is mentioned for the occurrence of that event, the interest fails unless such event happens before, or at the same time as, the intermediate or precedent interest ceases to exist.