Section 123 of Transfer of Property Act - Transfer how effected

Section 123 Transfer of Property Act Description

For the purpose of making a gift of immovable property, the transfer must be effected by a registered instrument signed by or on behalf of the donor, and attested by at least two witnesses.

For the purpose of making a gift of moveable property, the transfer may be effected either by a registered instrument signed as aforesaid or by delivery.

Such delivery may be made in the same way as goods sold may be delivered.

Explanation. - The word "attest" has the same meaning in this section as in section 59.

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