23. Transfer contingent on happening of specified uncertain event. —Where, on a transfer of property, an interest therein is to accrue to a specified perso n if a specified uncertain event shall happen, and no time is mentioned for the occurrence of that event, the interest fails unless such event happens before, or at the same time as, the intermediate or precedent interest ceases to exist.
Section 23 TPA — Transfer contingent on happening of specified uncertain event
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