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    <title>2001 (7) TMI 1295 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=184152</link>
    <description>Section 41 of the Transfer of Property Act protects a transferee only while the transferor remains an ostensible owner with subsisting authority to convey the interest represented by possession. A widow holding only a life estate could not transfer title beyond that restricted interest, and once her life estate ended, her ostensible ownership also ceased. The transferee therefore could not claim a better title than the transferor possessed, and the sale deed did not defeat the State&#039;s reversionary title. The bona fide purchaser plea was unavailable because the doctrine does not validate a transfer beyond the limited owner&#039;s life interest.</description>
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    <pubDate>Thu, 26 Jul 2001 00:00:00 +0530</pubDate>
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      <title>2001 (7) TMI 1295 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=184152</link>
      <description>Section 41 of the Transfer of Property Act protects a transferee only while the transferor remains an ostensible owner with subsisting authority to convey the interest represented by possession. A widow holding only a life estate could not transfer title beyond that restricted interest, and once her life estate ended, her ostensible ownership also ceased. The transferee therefore could not claim a better title than the transferor possessed, and the sale deed did not defeat the State&#039;s reversionary title. The bona fide purchaser plea was unavailable because the doctrine does not validate a transfer beyond the limited owner&#039;s life interest.</description>
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      <pubDate>Thu, 26 Jul 2001 00:00:00 +0530</pubDate>
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