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Section 12 of the Transfer of Property Act, 1882, is not applicable:

Section 12 of the Transfer of Property Act, 1882 makes void a condition that the transferee's interest shall cease on his insolvency or on his attempting to alienate it, but…

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Section 12 of the Transfer of Property Act, 1882, is not applicable:

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Section 12 of the Transfer of Property Act, 1882 makes void a condition that the transferee's interest shall cease on his insolvency or on his attempting to alienate it, but the section does not apply to such a condition in a lease for the benefit of the lessor or those claiming under him. So the answer is "Where the transfer is by way of lease"; sales, gifts and exchanges have no such exception.

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