https://www.taxtmi.com/caselaws?id=199077 Membership in a voluntary association was treated as personal and not freely transferable, so on default the governing rules could extinguish the member's interest in the card and in the association's property. On that footing, no proprietary interest remained to vest in the assignee in insolvency, and the challenge based on insolvency law and Section 12 of the Transfer of Property Act, 1882 failed because membership was not a transfer of property subject to a condition of cessation on insolvency. en-us Fri, 06 May 1932 00:00:00 +0530 Mon, 19 Feb 2018 17:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199077 Membership in a voluntary association was treated as personal and not freely transferable, so on default the governing rules could extinguish the member's interest in the card and in the association's property. On that footing, no proprietary interest remained to vest in the assignee in insolvency, and the challenge based on insolvency law and Section 12 of the Transfer of Property Act, 1882 failed because membership was not a transfer of property subject to a condition of cessation on insolvency. Case-Laws Indian Laws Fri, 06 May 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199077