Section - 20 - When unborn person acquires vested interest on transfer for his benefit
When unborn person acquires vested interest on transfer for his benefit20. Where, on a transfer of property, an interest therein is created for the benefit of a person not then living, he acquires upon his birth, unless a contrary intention appears from the terms of the transfer, a vested interest, although he may not be entitled to the enjoyment thereof immediately on his birth.
.... To read the full section download the app from Google Play store
CAclubindia
