Section 120 TPA Explained: Effect of contract for the transfer of an undivided share in a share in a share | Nyaya

Statutory Content

What does Section 120 of TPA say?

Where a contract is made with a person competent to transfer for consideration an undivided share in a share in a share, such contract shall be void, unless the transferee is a trustee for the transferor, or unless the transferee is a mortgagee under a mortgage to the transferor, or unless the transferee is a lessee from the transferor, or unless the contract is registered, and the transferee has given possession of the property to the transferor, or unless the transferee is a purchaser from a person competent to transfer, and the contract has been registered, and the transferee has given possession of the property to the transferor.

Indian StandardSection 120, Transfer of Property Act, 1882

Bluebook (21st ed.)Transfer of Property Act, 1882, § 120 (India)

Court Pleading StandardSection 120 of the Transfer of Property Act, 1882

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 120 TPA

What is Section 120 of TPA?

Section 120 of the Transfer of Property Act, 1882 (TPA) defines and regulates "Effect of contract for the transfer of an undivided share in a share in a share". The section states: Where a contract is made with a person competent to transfer for consideration an undivided share in a share in a share, such contract shall be void, unless the transferee is a tru...

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