Section 49State of Jammu-Kashmir Act

Section 49: Transferee's right under policy

Transfer of Property Act, 1977

Transferee's right under policy.

- Where immovable property is transferred for consideration, and such property or any part thereof is at the date of the transfer insured against loss or damage by fire, the transferee, in case of such loss or damage, may, in the absence of a contract to the contrary, require any money which the transferor actually receives under the policy, or so much thereof as may be necessary, to be applied in reinstating the property.

Sec 48 — Priority of rights created by transfer

Sec 50 — Rent bona fide paid to holder under defective title

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