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    <title>1966 (9) TMI 147 - Supreme Court</title>
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    <description>A covenant of pre-emption in a partition award was held binding on assignees and successors-in-interest because the wording and surrounding obligations showed no contrary intention, and contractual enforcement could extend to representatives in interest, legal representatives, assignees and transferees. The same covenant was not void under the rule against perpetuities because it did not create an interest in immovable property; it was only a contractual obligation, which may be enforced against a transferee with notice. The pre-emption right was therefore upheld as enforceable against transferees and not invalid under the perpetuity doctrine.</description>
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    <pubDate>Tue, 06 Sep 1966 00:00:00 +0530</pubDate>
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      <title>1966 (9) TMI 147 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=178621</link>
      <description>A covenant of pre-emption in a partition award was held binding on assignees and successors-in-interest because the wording and surrounding obligations showed no contrary intention, and contractual enforcement could extend to representatives in interest, legal representatives, assignees and transferees. The same covenant was not void under the rule against perpetuities because it did not create an interest in immovable property; it was only a contractual obligation, which may be enforced against a transferee with notice. The pre-emption right was therefore upheld as enforceable against transferees and not invalid under the perpetuity doctrine.</description>
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      <pubDate>Tue, 06 Sep 1966 00:00:00 +0530</pubDate>
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