সংক্ষিপ্ত শিরোনাম ও প্রবর্তন
১। (১) এই আইন Transfer of Property (Amendment) Act, 2026 নামে অভিহিত হইবে। (২) ইহা অবিলম্বে কার্যকর হইবে।Act No. IV of 1882 এর section 122 এর সংশোধন
২। Transfer of Property Act, 1882 (Act No. IV of 1882) , অতঃপর উক্ত Act বলিয়া উল্লিখিত, এর section 122 এ উল্লিখিত “on behalf of the donee” শব্দগুলির পর ”, and includes a gift under section 122A of this Act” কমা, শব্দগুলি ও সংখ্যা সন্নিবেশিত হইবে।Act No. IV of 1882 এ নূতন section 122A ও section 122B এর সন্নিবেশ
৩। উক্ত Act এর section 122 এর পর নিম্নরূপ নূতন section 122A ও section 122B সন্নিবেশিত হইবে, যথা:- “122A. Gift with reservation of the right of lifetime enjoyment (lifetime usufruct rights).-(1) Notwithstanding anything contained in this Act or any other law for the time being in force, a transfer of movable or immovable property by way of gift reserving the right of lifetime enjoyment (lifetime usufruct rights) of the property by the donor shall be valid. (2) The gift under sub-section (1) shall be valid subject to the condition that such gift shall be made by any parent or grandparent to his or her child or children or grandchild or grandchildren or vice-versa, or between spouses, and such gift so far relates to immovable property shall be made by a declaration under this section upon execution of a deed registered under section 17(1)(a) of Registration Act, 1908 (Act No. XVI of 1908). (3) In the event of the death of the donee during the lifetime of the donor, the property shall be transmitted to the donee’s heirs in accordance with law with the right of lifetime enjoyment of the donor continuing to subsist and attached to the property. (4) A transfer under this section shall constitute a distinct mode of transfer under this Act and shall not be construed as limiting, derogating from, or otherwise affecting the validity of any gift or Heba or any other mode of transfer recognized under this Act or any other law for the time being in force. 122B. Revocation or variation of Gift with reservation of right of lifetime enjoyment.-(1) A gift under section 122A shall be irrevocable after registration, except- (a) by mutual consent of the donor and the donee expressed in a registered deed where it is necessary to vary, revoke, or otherwise deal with the rights created under section 122A to meet any financial, medical, educational, family or other genuine necessity; or (b) where the consent of either party cannot be obtained because of minority, disappearance, unsoundness of mind, legal incapacity or any other sufficient cause, the District Judge may, upon an application by the other party, authorize such variation, revocation or dealing with the rights created under section 122A on the grounds mentioned in clause (a). (2) Before making an order under clause (b) of sub-section (1), the District Judge shall- (a) give notice to all interested persons; (b) make such inquiry as he considers necessary; and (c) be satisfied that the application is made in good faith.”।Footnotes
Click here to see the original act on the Bangladesh Legal Database.