The TRANSFER OF PROPERTY ACT, 1882

OFTRANSFERS OF PROPERTY BY ACT OF PARTIES

Section 20: W hen unbor n pers on acquir es vest ed i nterest on trans fer f or his benef it.

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 appear from the terms of the transfer, a vested interest, although he may not be entitled to the enjoyment thereof immediately on his birth.