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of <h1>Section 5 Transfer of Property Act defines transfer as conveying property between living persons establishing legal framework</h1> The term 'transfer' under Section 5 of the Transfer of Property Act means an act by which a living person conveys property, presently or in future, to one or more other living persons, or to himself and one or more others. Advanced law lexicon defines transfer as a transaction vesting one person's property in another. Supreme Court jurisprudence clarifies that transfer involves passing property rights from one person to another, establishing the fundamental legal framework for property conveyance transactions.
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