Section 46 of Transfer of Property Act - Transfer for consideration by persons having distinct interests
Section 46 Transfer of Property Act Description
Where several co-owners of immovable property transfer a share therein without specifying that the transfer is to take effect on any particular share or shares of the transferors, the transfer, as among such transferors, takes effect on such shares equally where the shares were equal, and were they were unequal, proportionately to the extent of such shares.
Illustration.
A, the owner of an-eight-anna share, and B and C, each the owner of a four-anna share, in mauza Sultanpur, transfer a two anna share in the mauza to D, without specifying from which of their several shares the transfer is made. To give effect to the transfer one anna share is taken from the share of A, and half an anna share from each of the shares of B and C.
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