Section 12 TPA — Conditi on making interest determinable on insolvency or attempted alie nation

12. Conditi on making interest determinable on insolvency or attempted alie nation. — Where property is transferred subject to a condition or limitation making any interest therein, reserved or given to or for the benefit of any person, to cease on his becoming insolvent or endeavouring to transfer or dispose of the same, such cond ition or limitation is void. Nothing in this section applies to a condition in a lease for the benefit of the lessor or those claiming under him.