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The expression “living person” used in section 5 of the Transfer of Property Act, 1882 includes:

Section 5 expressly includes a company, association or body of individuals, whether incorporated or not, in living person for the transfer-of-property definition. All the…

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The expression “living person” used in section 5 of the Transfer of Property Act, 1882 includes:

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Section 5 expressly includes a company, association or body of individuals, whether incorporated or not, in living person for the transfer-of-property definition. All the specified forms therefore fall within it. This statutory inclusion does not mean that every proposed transfer by such an entity is valid; separate capacity and property restrictions can still apply.

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