Condition making interest determinable on insolvency
or attempted alienation.- Where property
is transferred subject to a condition or limitation
making any interest therein, reserved or given
to or for the benefit of any person, to cease
on his becoming insolvent or endeavouring to
transfer or dispose of the same, such condition
or limitation is void.
Nothing in this section applies
to a condition in a lease for the benefit of
the lessor or those claiming under him.