Section 36State of Jammu-Kashmir Act

Section 36: Apportionment of periodical payments on determination of interest of person entitled

Transfer of Property Act, 1977

Apportionment of periodical payments on determination of interest of person entitled.

- In the absence of a contract or local usage to the contrary, all rents, annuities, pensions, dividends and other periodical payments in the nature of income shall, upon the transfer of the interest of the person entitled to receive such payments, be deemed, as between the transferor and transferee, to accrue due from day to day, and to be apportionable accordingly, but to be payable on the days appointed for the payment thereof.

Sec 35 — Election when necessary

Sec 37 — Apportionment of benefit of obligation on severance

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